Weyerhaeuser Co Q1 adjusted earnings Miss Estimates

Weyerhaeuser Co (WY) revealed a profit for its first quarter that climbed from the same period last year.

The company's bottom line came in at $292 million, or $0.39 per share. This compares with $150 million, or $0.20 per share, in last year's first quarter.

Excluding items, Weyerhaeuser Co reported adjusted earnings of $361 million or $0.48 per share for the period.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.1% to $2.06 billion from $1.73 billion last year.

Weyerhaeuser Co earnings at a glance:

-Earnings (Q1): $361 Mln. vs. $138 Mln. last year.
-EPS (Q1): $0.48 vs. $0.18 last year.
-Analysts Estimate: $0.91
-Revenue (Q1): $2.06 Bln vs. $1.73 Bln last year.

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