UPDATE 1- Wausau Paper Q1 earnings beat estimates
* Adj EPS $0.08 vs est EPS $0.04
* Revenue up 7 pct to $256 mln
* Strong tissue segment boosts results
April 26 (Reuters) - Wausau Paper Corp (WPP.N) posted better-than-expected quarterly results, helped by higher margins from its tissue segment, and said it expects second-quarter earnings to "improve modestly" sequentially.
"We remain focused on driving long-term profitability by accelerating growth in our highly successful tissue business," Chief Executive Thomas Howatt said in a statement.
For the first quarter, the paper maker earned $2.9 million, or 6 cents a share, compared with a net loss of $1.4 million, or 3 cents a share a year ago.
Excluding items, the company earned 8 cents a share.
Revenue rose 7 percent to $256 million.
Analysts expected the company to earn 4 cents a share, before items, on revenue of $245.5 million, according to Thomson Reuters I/B/E/S.
Operating profit at the company's tissue segment rose 52 percent to $11.1 million.
Shares of Mosinee, Wisconsin-based Wausau closed at $9.84 Monday on the New York Stock Exchange. (Reporting by Vinay Sarawagi in Bangalore; Editing by Don Sebastian)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- New York police officer critically wounded in hatchet attack
- Doctor with Ebola in New York hospital after return from Guinea
- Exclusive: Charred tanks in Ukraine point to Russian involvement
- Ground offensive against Islamic State months away in Iraq: U.S.