SEATTLE (AP) — SEATTLE (AP) — Weyerhaeuser Co. (WY) on Thursday reported second-quarter net income of $162 million.
On a per-share basis, the Seattle-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring gains, came to 13 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The timber and paper products company posted revenue of $1.87 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.79 billion.
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