Weyerhaeuser: Fourth Quarter Earnings Overview

Weyerhaeuser Announces Fourth-Quarter Earnings

Weyerhaeuser Co., headquartered in Seattle, revealed on Thursday that it earned $74 million in net income for the fourth quarter.

The company reported earnings of $0.10 per share, while adjusted figures, which exclude one-time gains, indicated a loss of $0.09 per share.

These results surpassed analysts’ expectations, as a consensus of seven experts polled by Zacks Investment Research had anticipated a loss of $0.13 per share.

During the quarter, Weyerhaeuser generated $1.54 billion in revenue, which fell short of the $1.58 billion forecasted by five Zacks analysts.

For the full year, Weyerhaeuser posted a profit of $324 million, or $0.45 per share, with total revenue reaching $6.91 billion.