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MEMPHIS, Tenn. (AP) -- Specialty fibers maker Buckeye Technologies Inc. said late Friday its first-quarter income rose on higher prices, a more profitable product mix and cost control. Shares rose in after-hours trading. Based on preliminary results, Buckeye expects earnings of between 32 per share and 35 cents per share. The earnings include a one-time benefit of 6 cents per share that is related to a recently enacted corporate tax rate reduction in Germany. In the year-ago quarter, Buckeye earned 10 cents per share. Buckeye said its sales rose 3 percent year over year, which implies first-quarter revenue of $200.7 million, based on sales of $191.4 million in the prior year's first quarter. Analysts polled by Thomson Financial expect earnings of 23 cents per share for the quarter. The company plans to give its first-quarter results on Oct. 22. Shares jumped 8.5 percent, or $1.48, to $19 in aftermarket trading.
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