25.01.2024 22:42:11 - dpa-AFX: Weyerhaeuser Co Q4 Profit Increases, but misses estimates
FEDERAL WAY (dpa-AFX) - Weyerhaeuser Co (WY) revealed earnings for its
fourth quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $219 million, or $0.30 per share. This
compares with $11 million, or $0.02 per share, in last year's fourth quarter.
Excluding items, Weyerhaeuser Co reported adjusted earnings of $121 million or
$0.16 per share for the period.
Analysts on average had expected the company to earn $0.17 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 2.7% to $1.77 billion from $1.82
billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings (Q4): $219 Mln. vs. $11 Mln. last year.
-EPS (Q4): $0.30 vs. $0.02 last year.
-Analyst Estimate: $0.17
-Revenue (Q4): $1.77 Bln vs. $1.82 Bln last year.
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