Benzinga | Apr 30, 2021 07:16AM EDT

Recap: Weyerhaeuser Q1 Earnings



Shares of Weyerhaeuser (NYSE:WY) moved higher by 5.0% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 405.56% over the past year to $0.91, which were in line with the estimate of $0.91.

Revenue of $2,506,000,000 higher by 45.02% from the same period last year, which missed the estimate of $2,520,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Weyerhaeuser hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Apr 30, 2021

Time: 10:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/165/40645

Recent Stock Performance

52-week high: $40.56

Company's 52-week low was at $16.05

Price action over last quarter: Up 29.90%

Company Profile

Weyerhaeuser ranks among the world's largest forest product companies. Following the 2016 sale of its pulp business to International Paper, Weyerhaeuser operates three business segments: timberlands, wood products, and real estate. Weyerhaeuser is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities. Earnings from its wood products segment are subject to federal income tax. Weyerhaeuser acquired fellow timber REIT Plum Creek in 2016.