SEATTLE (AP) — SEATTLE (AP) — Weyerhaeuser Co. (WY) on Thursday reported fourth-quarter net income of $74 million.
The Seattle-based company said it had net income of 10 cents per share. Losses, adjusted for non-recurring gains, were 9 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The timber and paper products company posted revenue of $1.54 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion.
For the year, the company reported profit of $324 million, or 45 cents per share. Revenue was reported as $6.91 billion.
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