Plus   Neg

Weyerhaeuser Co Q1 adjusted earnings Miss Estimates

Weyerhaeuser Co (WY) announced earnings for its first quarter that rose from the same period last year.

The company's bottom line came in at $271 million, or $0.36 per share. This compares with $157 million, or $0.21 per share, in last year's first quarter.

Excluding items, Weyerhaeuser Co reported adjusted earnings of $234 million or $0.31 per share for the period.

Analysts had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.7% to $1.82 billion from $1.69 billion last year.

Weyerhaeuser Co earnings at a glance:

-Earnings (Q1): $234 Mln. vs. $167 Mln. last year.
-EPS (Q1): $0.31 vs. $0.22 last year.
-Analysts Estimate: $0.32
-Revenue (Q1): $1.82 Bln vs. $1.69 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT