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Stock Market & Financial Investment News

News Breaks
February 7, 2014
07:39 EDTUFSDomtar reports preliminary Q4 adjusted EPS $2.09, consensus $1.53
Reports preliminary Q4 revenue $1.36B, consensus $1.36B. Reports Q4 manufactured paper shipments up 0.4% and Q4 pulp shipments up 7.1%. The increase in operating income was the result of lower costs for maintenance, higher average selling prices for paper and pulp, favorable exchange rates, higher productivity in pulp, and higher paper shipments.
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April 9, 2014
08:13 EDTUFSDomtar downgraded to Sell from Neutral at Citigroup (yesterday)
Citigroup downgraded Domtar yesterday to Sell citing the recent rally in shares and earnings risk from the announced paper price hikes. Citi lowered its price target for shares to $90 from $106.

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