04:03 PM EST - Canfor Corp. : reported first quarter net loss of $42.7 million or $0.30 per share, compared to net income of $18.9 million or $0.13 per share in the prior quarter. In addition the company posted net loss from continuing operations of $42.7 million or $0.30 per share, compared to net income from continuing operations of $21.2 million or $0.15 per share in the year ago period. On average, seven analyst polled by First call/Thomson Financial expected the company to report loss of $.35 per share. Net sales for the period declined to $850.6 million from $962.7 million for the last year quarter. Canfor Corp.
shares T.CFP are trading up 11 cents at $11.76.
