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BRIEF-Resolute Reports Preliminary Third Quarter 2018 Results

Published 2018-11-01, 07:21 a/m
© Reuters.  BRIEF-Resolute Reports Preliminary Third Quarter 2018 Results

Nov 1 (Reuters) - Resolute Forest Products Inc RFP.N :

* RESOLUTE REPORTS RECORD PRELIMINARY THIRD QUARTER 2018 RESULTS AND DECLARES SPECIAL DIVIDEND

* Q3 EARNINGS PER SHARE $1.25

* Q3 SALES $974 MILLION

* Q3 EARNINGS PER SHARE $1.03 EXCLUDING ITEMS

* Q3 EARNINGS PER SHARE VIEW $0.71 -- THOMSON REUTERS I/B/E/S

* ANNOUNCING A SPECIAL CASH DIVIDEND OF $1.50 PER SHARE

* VIEW ON PULP MARKETS REMAINS POSITIVE THROUGH Q4

* FOR LUMBER, RECENT PRICE DECLINES ARE EXPECTED TO NEGATIVELY IMPACT RESULTS IN Q4

* RESOLUTE FOREST - IN MEDIUM TO LONG TERM, ONGOING RECOVERY IN U.S. HOUSING STARTS & GROWTH IN REPAIR AND RENOVATION SEGMENT SHOULD IMPROVE DEMAND

* PAPER MARKETS CONTINUE TO BE IMPACTED BY STRUCTURAL DECLINE IN DEMAND

* RESOLUTE FOREST - EXPECT IMPLEMENTATION OF PREVIOUS PRICE INCREASES FOR SOME OF PAPER PRODUCTS TO CONTINUE TO FAVORABLY IMPACT Q4 RESULTS

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