26.10.2023 23:16:04 - dpa-AFX: Weyerhaeuser Co Q3 Profit Drops, Inline With Estimates
FEDERAL WAY (dpa-AFX) - Weyerhaeuser Co (WY) reported a profit for third
quarter that decreased from last year in line with the Street estimates.
The company's bottom line came in at $239 million, or $0.33 per share. This
compares with $310 million, or $0.42 per share, in last year's third quarter.
Excluding items, Weyerhaeuser Co reported adjusted earnings of $239 million or
$0.33 per share for the period.
Analysts on average had expected the company to earn $0.33 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 11.4% to $2.02 billion from $2.28
billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings (Q3): $239 Mln. vs. $310 Mln. last year.
-EPS (Q3): $0.33 vs. $0.42 last year.
-Analyst Estimates: $0.33
-Revenue (Q3): $2.02 Bln vs. $2.28 Bln last year.
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