Weyerhaeuser Co (WY) has reported increased earnings for its fourth quarter when compared to the same period last year. However, the company failed to meet the financial predictions set by Wall Street.
The financial statement showed that the company's net income came to a total of $219 million, which equates to $0.30 per share for stockholders. In contrast to the previous year's quarter four earnings, the company had reported a total of $11 million or $0.02 per share.
After excluding certain items, Weyerhaeuser Co's adjusted earnings were reported at $121 million, or $0.16 per share for the fourth quarter.
According to a compilation of figures by Thomson Reuters, financial analysts had, on average, anticipated the company to gross earnings of $0.17 per share, with these estimates usually eschewing any special items.
Weyerhaeuser Co also saw a small decrease in its revenue for the fourth quarter, showing a fall of 2.7% to $1.77 billion from $1.82 billion in the same quarter of the previous year.
To summarize, in terms of Generally Accepted Accounting Principles (GAAP), Weyerhaeuser Co's fourth-quarter earnings were as follows:
- Earnings: $219 million, a significant increase from $11 million in the previous year.
- Earnings Per Share: $0.30, reflecting an increase from $0.02 in the preceding year.
- Analyst Estimate: $0.17.
- Revenue: $1.77 billion, down from $1.82 billion in the previous year.
