FEDERAL WAY (dpa-AFX) - Weyerhaeuser Co (WY) announced a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $114 million, or $0.16 per share. This compares with $151 million, or $0.21 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 5.6% to $1.7 billion from $1.8 billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings (Q1): $114 Mln. vs. $151 Mln. last year. -EPS (Q1): $0.16 vs. $0.21 last year. -Revenue (Q1): $1.7 Bln vs. $1.8 Bln last year.
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