Resolute reports preliminary first quarter 2020 results

Resolute reports preliminary first quarter 2020 results.q1 loss per share $0.01.q1 sales $689 million.q1 earnings per share estimate $-0.36 -- refinitiv ibes data.q1 loss per share $0.33 excluding items.cautiously optimistic for sustained volume and improving pricing.resolute forest products - in tissue, significantly reduced finished goods inventory in last several weeks with increase in demand for at-home end-uses.resolute forest products - q1 operating loss in market pulp segment was $3 million, improvement of $15 million from previous quarter.resolute forest products - tissue segment reported its first operating income quarter since start-up of tissue machine in calhoun.resolute forest products - operating income in specialty papers segment was $3 million in quarter, improvement of $4 million from previous quarter.tissue business is progressing well in current context.reduced operational footprint to demand levels consistent with essential needs.drew on credit facilities to keep higher levels of cash.
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