Sylvamo (SLVM) reported a Q1 adjusted loss Friday of $0.53 per diluted share, swinging from earnings of $0.68 a year earlier.

Four analysts polled by FactSet expected a loss of $0.27.

Net sales for the quarter ended March 31 was $755 million, down from $821 million a year earlier.

Four analysts surveyed by FactSet expected $740.8 million.

Shares of the company were down 2.1% in premarket activity Friday.