25.04.2024 23:08:47 - dpa-AFX: Weyerhaeuser Co Bottom Line Drops In Q1, but beats estimates
FEDERAL WAY (dpa-AFX) - Weyerhaeuser Co (WY) announced a profit for first
quarter that decreased from the same period last year but beat the Street
estimates.
The company's earnings came in at $114 million, or $0.16 per share. This
compares with $151 million, or $0.21 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.15 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 5.6% to $1.7 billion from $1.8
billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings (Q1): $114 Mln. vs. $151 Mln. last year.
-EPS (Q1): $0.16 vs. $0.21 last year.
-Revenue (Q1): $1.7 Bln vs. $1.8 Bln last year.
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