Market Overview

Weyerhaeuser: Q1 Earnings Insights

Share:

Shares of Weyerhaeuser (NYSE:WY) were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 63.64% over the past year to $0.18, which beat the estimate of $0.13.

Revenue of $1,728,000,000 rose by 5.17% from the same period last year, which beat the estimate of $1,650,000,000.

Outlook

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

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

Conference Call Details

Date: May 01, 2020

Time: 11:03 AM ET

Webcast URL: https://www.webcaster4.com/Webcast/Page/165/33886

Price Action

52-week high: $31.58

52-week low: $13.10

Price action over last quarter: down 22.50%

Company Overview

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.

 

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