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January 29, 2013
Strong quarter for Plum Creek Timber
SEATTLE (AP) — Shares of Plum Creek Timber Co. rose in after-hours trading Monday after the company's fourth-quarter results topped Wall Street forecasts.
Net income grew 30 percent in the fourth quarter. The company said its business is benefiting from the recovery in residential construction, as revenue increased at its timber, real estate, and manufacturing businesses. Profits improved at its southern division and the real estate business.
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