Plus   Neg

Weyerhaeuser Co Q3 adjusted earnings Miss Estimates

Weyerhaeuser Co (WY) reported a profit for its third quarter that rose from last year.

The company's bottom line came in at $255 million, or $0.34 per share. This compares with $130 million, or $0.17 per share, in last year's third quarter.

Excluding items, Weyerhaeuser Co reported adjusted earnings of $214 million or $0.28 per share for the period.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.1% to $1.91 billion from $1.87 billion last year.

Weyerhaeuser Co earnings at a glance:

-Earnings (Q3): $214 Mln. vs. $259 Mln. last year.
-EPS (Q3): $0.28 vs. $0.34 last year.
-Analysts Estimate: $0.37
-Revenue (Q3): $1.91 Bln vs. $1.87 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT