Clearwater Paper posts 3Q profit

SPOKANE, Wash. (AP) _ Clearwater Paper Corp. (CLW) on Wednesday reported net income of $6.3 million in its third quarter.

On a per-share basis, the Spokane, Washington-based company said it had net income of 31 cents. Earnings, adjusted for one-time gains and costs, were $1.28 per share.

The maker of pulp-based products posted revenue of $511.1 million in the period.

Clearwater Paper shares have risen 24 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $65.09, a rise of 34 percent in the last 12 months.

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