SEATTLE (AP) — SEATTLE (AP) — Weyerhaeuser Co. (WY) on Thursday reported third-quarter profit of $80 million.
On a per-share basis, the Seattle-based company said it had net income of 11 cents. Earnings, adjusted for non-recurring gains, came to 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The timber and paper products company posted revenue of $1.72 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.65 billion.
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