Domtar corp reports preliminary q1 sales of $1.3 bln

Oration reports preliminary first quarter 2020 financial results.q1 earnings per share $0.09 excluding items.q1 sales $1.3 billion versus refinitiv ibes estimate of $1.25 billion.q1 earnings per share estimate $-0.21 -- refinitiv ibes data.suspension of quarterly dividends and share repurchase program.experienced a significant reduction of paper volumes orders in april.anticipate inventory to be at appropriate levels as a result of capacity reduction plan.did see good demand from north american tissue customers.expect overall demand for pulp in q2 to remain strong, particularly in china.in paper, expect significantly lower demand in q2.expect demand for softwood and fluff pulp to remain strong in near-term.raw material costs are expected to remain stable.personal care will continue to benefit from higher usage and impact from new customer wins.
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