Weyerhaeuser Co (WY) announced earnings for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $87 million, or $0.12 per share. This compares with $28 million, or $0.04 per share, last year.
Excluding items, Weyerhaeuser Co reported adjusted earnings of $87 million or $0.12 per share for the period.
Analysts on average had expected the company to earn -$0.08 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.1% to $1.717 billion from $1.681 billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings: $87 Mln. vs. $28 Mln. last year.-EPS: $0.12 vs. $0.04 last year.-Revenue: $1.717 Bln vs. $1.681 Bln last year.
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