Buckeye Flat Ahead of Earnings

Written by Gerard Lerod
Monday, 01 August 2011 12:28

New York, August 1st (TradersHuddle.com) – Shares of Buckeye Technologies Inc. (NYSE:BKI) are trading flat by ahead of its quarterly earnings release. Buckeye, the producer of cellulose-based specialty products is expected to release its quarterly results on August 2nd.

Wall Street Analysts consensus calls for a profit of $0.72 a share on $243.39 million revenue.

Buckeye estimates have a range of $0.03 a share. The high estimate calls for profit of $0.73 a share and the low estimate is calling for a profit of $0.7 a share, a year ago for the quarter the company reported $0.26 a share.

Buckeye Technologies Inc. (NYSE:BKI) is a leading producer of cellulose-based specialty products. Buckeye is the only manufacturer in the world offering cellulose-based specialty products made from both wood and cotton and utilizing wetlaid and airlaid technologies. It operates manufacturing facilities in the United States, Canada, Germany and Brazil. Its product lines are grouped into four categories: chemical cellulose, customized fibers, fluff pulp and nonwoven materials. It manages these products within two reporting segments: specialty fibers and nonwoven materials. The chemical cellulose and customized fibers are derived from wood and cotton cellulose materials using wetlaid technologies. Fluff pulps are derived from wood using wetlaid technology. Wetlaid technologies consists of cellulose manufacturing processes, in which fibers are deposited using water.

Source:  www.tradershuddle.coml

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