Weyerhaeuser Co. Earnings: These Results were Not Good Enough
Weyerhaeuser Co. (NYSE:WY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.95%.
Weyerhaeuser Co. Earnings Cheat Sheet
Results: Net income increased 120% to $143 million (26 cents per diluted share) in the quarter versus a net gain of $65 million in the year-earlier quarter.
Revenue: Rose 23.84% to $2 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Weyerhaeuser Co. reported adjusted net income of 26 cents per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $1.82 billion…