Weyerhaeuser Co (WY) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $83 million, or $0.11 per share. This compares with $114 million, or $0.16 per share, last year.
Analysts on average had expected the company to earn $0.10 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.8% to $1.763 billion from $1.796 billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings: $83 Mln. vs. $114 Mln. last year.-EPS: $0.11 vs. $0.16 last year.-Revenue: $1.763 Bln vs. $1.796 Bln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.