(Reuters) - Excluding items, the No. 2 U.S. timber and forest products
company earned 48 cents a share in the latest quarter, well
above Wall Street's expectations of 40 cents a share, according
to Reuters Estimates.
However, Weyerhaeuser's second-quarter net earnings tumbled
to $32 million, or 15 cents a share, from $298 million, or
$1.19, a year earlier on weak prices for lumber products and a
lower profit margin from its real estate business.
Read more at Reuters.com Bonds News
company earned 48 cents a share in the latest quarter, well
above Wall Street's expectations of 40 cents a share, according
to Reuters Estimates.
However, Weyerhaeuser's second-quarter net earnings tumbled
to $32 million, or 15 cents a share, from $298 million, or
$1.19, a year earlier on weak prices for lumber products and a
lower profit margin from its real estate business.
Read more at Reuters.com Bonds News
No comments:
Post a Comment