Weyerhaeuser Co (WY) announced a decline in its fourth-quarter profit compared to the same quarter in the previous year. However, the results surpassed the estimates set by analysts.
For this period, the company reported a net income of $81 million, or $0.11 per share, down from $219 million, or $0.30 per share, recorded last year. When adjusted for specific items, the earnings remained at $81 million, or $0.11 per share.
On average, analysts had predicted Weyerhaeuser Co would earn $0.07 per share, typically excluding any special items that could affect results.
Revenue for the quarter experienced a 3.7% decline, falling to $1.708 billion from $1.774 billion in the previous year.
In summary, Weyerhaeuser Co's key financial results under Generally Accepted Accounting Principles (GAAP) are as follows:
- Net Income: $81 million compared to $219 million last year
- Earnings Per Share (EPS): $0.11 versus $0.30 last year
- Revenue: $1.708 billion compared to $1.774 billion last year
