Brief: Western Forest Products Reports Q3 Loss Per Share C$0.05

Western Forest Products

07/11/2019 01:49

Nov 6 (Reuters) - Western Forest Products Inc  WEF.TO :
    * WESTERN ANNOUNCES THIRD QUARTER 2019 RESULTS
    * Q3 REVENUE C$141.6 MILLION VERSUS C$292.5 MILLION
    * Q3 LOSS PER SHARE C$0.05
    * Q3 EARNINGS PER SHARE ESTIMATE C$-0.04 -- REFINITIV IBES
DATA
    * USW STRIKE IS EXPECTED TO HAVE A NEGATIVE IMPACT ON FOURTH
QUARTER RESULTS COMPARED TO SAME PERIOD LAST YEAR
    * IN Q3 SHIPPED 90 MILLION FEET OF LUMBER TO OUR CUSTOMERS
DESPITE
THE USW STRIKE
    * ANTICIPATE DEMAND FOR APPEARANCE NICHE PRODUCTS TO
MODERATE DUE
TO THE TRADE FRICTION BETWEEN THE US AND CHINA
    * WESTERN FOREST PRODUCTS - GIVEN CURRENT UNCERTAINTY BY
LABOUR
DISPUTE, UNFAVOURABLE INVESTMENT CONDITIONS IN BC, CO SCALED
BACK STRATEGIC CAPITAL INVESTMENT
    * WESTERN FOREST PRODUCTS-UNTIL THERE IS GREATER VISIBILITY
WITH
LABOUR DISPUTE, CO HAS HALTED ALL MATERIAL NON-COMMITTED
STRATEGIC CAPITAL INVESTMENT IN BC

Source text for Eikon:  ID:nGNX9FGrMS 
Further company coverage:  WEF.TO 

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