Posted on 10/21/2003 1:59:07 PM PDT by chance33_98
Boise Cascade Announce Third Quarter Profits
By Associated Press
BOISE - Boise Cascade Corporation nearly tripled its third quarter profits this summer and exceeded Wall Street expectations.
The wood products company reported today that net income for July through September totaled nearly 33 (M)million dollars, or 48 cents a share. And even after a one-time tax benefit, profits hit 30 (M)million dollars, or 43 cents a share.
Wall Street analysts had been expecting income of 42 cents.
The company reported a profit of eight and a half (M)million dollars, or nine cents a share, a year earlier.
The company said strong office supply and building product sales during the summer more than offset stagnate paper sales.
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