Tredegar Reports Q2 Profit, Revenue Down 10%, Shares Up 6.6%

Tredegar Corp. reported Q4 net income of $14.57 million, or $0.42 per share, compared to a net loss of $72.70 million, or $2.12 per share in the prior-year quarter. Earnings from ongoing operations were $0.32 per share, up from $0.06 per share last year. Total sales decreased 10% to $184.07 million from $154.05 million in the same quarter last year. The stock is up 6.6% to $8.99 in pre-market trading.