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Weyerhaeuser Co (WY) revealed a profit for its first quarter that climbed from the same period last year.


RTTNews | Apr 30, 2021 03:16AM EDT

03:15 Friday, April 30, 2021 (RTTNews.com) - Weyerhaeuser Co (WY) revealed a profit for its first quarter that climbed from the same period last year.

The company's bottom line came in at $292 million, or $0.39 per share. This compares with $150 million, or $0.20 per share, in last year's first quarter.

Excluding items, Weyerhaeuser Co reported adjusted earnings of $361 million or $0.48 per share for the period.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.1% to $2.06 billion from $1.73 billion last year.

Weyerhaeuser Co earnings at a glance:

-Earnings (Q1): $361 Mln. vs. $138 Mln. last year.-EPS (Q1): $0.48 vs. $0.18 last year.-Analysts Estimate: $0.91-Revenue (Q1): $2.06 Bln vs. $1.73 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3190211/weyerhaeuser-co-q1-adjusted-earnings-miss-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

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