Weyerhaeuser Q1 Profit Tops Estimates

Weyerhaeuser Company (WY) reported first-quarter net earnings per share before special items of $1.31 compared to $0.91, prior year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $1.19, for the quarter. Analysts' estimates typically exclude special items.

Net earnings increased to $771 million or $1.03 per share from $681 million or $0.91 per share, prior year.

Net sales increased to $3.11 billion from $2.51 billion, last year. Analysts on average had estimated $2.93 billion in revenue.

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