Resolute Forest posts quarterly loss due to one-time tax charge

Thu Oct 31, 2013 8:28am EDT
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Oct 31 (Reuters) - Resolute Forest Products Inc, the largest newsprint maker in North America, reported a quarterly loss, hurt by a $619 million charge related to income tax.

The company's net loss was $588 million, or $6.22 per share, in the third quarter ended Sept. 30 compared with a profit of $37 million, or 38 cents per share, a year earlier.

Revenue fell 8 percent to $1.1 billion, mainly due to lower newsprint prices.