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Glatfelter earnings jump

York-based specialty-paper maker P.H. Glatfelter Co. reported first-quarter earnings of $19.7 million, up from $3.3 million in the
same period of 2007.

York-based specialty-paper maker P.H. Glatfelter Co. reported first-quarter earnings of $19.7 million, up from $3.3 million in the
same period of 2007.

Earnings per diluted share were 43 cents, up from 7 cents in
the year-ago period, according to Glatfelter. Two stock analysts who follow the
company expected an average of 21 cents a share, according to Thomson Financial
data reported by Yahoo Finance.

Both quarters saw special gains or charges related to items
such as timberland sales and environmental remediation. Excluding these
figures, the 2008 first-quarter earnings were 25 cents a share, up from 12
cents in the year-ago period.

Glatfelter shares are traded on the New York Stock Exchange under the ticker symbol GLT.

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