Weyerhaeuser Co Third Quarter Profit Increases, Beats Estimates


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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