Weyerhaeuser: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 04:42 PM ET
Last Updated - Dec 16, 2024, 06:00 PM EST
SEATTLE (AP) — SEATTLE (AP) — Weyerhaeuser Co. (WY) on Thursday reported third-quarter earnings of $28 million.
The Seattle-based company said it had net income of 4 cents per share. Earnings, adjusted for restructuring costs, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The timber and paper products company posted revenue of $1.68 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.73 billion.
