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February 1, 2012

Potlatch: struggling construction industry likely to depress demand for materials

SPOKANE (AP) — Timberland management company Potlatch Corp. reported an unexpected loss during the fourth quarter, as weak demand for wood products in the southern U.S. dragged down prices and revenue.

The company said Tuesday that it lost 4 cents a share during the quarter ended Dec. 31. That surprised Wall Street analysts, who were expecting net income of 12 cents per share, according to FactSet.


 
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