Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Weyerhaeuser Q3 Beats on Revenue, EPS

Weyerhaeuser (NYSE: WY  )  is building strong gains in its business from a foundation of wood. The company has reported its Q3 results, showing that it posted net sales of $2.18 billion, a robust 23% gain from the $1.77 billion in the same period the previous year. Attributable net income also increased, by 34% to $157 million ($0.27 per diluted share), from Q3 2012's $117 million ($0.22).

Much of the growth is attributable to a thriving housing market, a key customer segment for the company.

Analysts had been expecting revenue of $2.09 billion and EPS of $0.21 for the quarter. 

The company provided selected forward guidance for its current Q4. It believes it will post "comparable" earnings for its Timberlands segment, lower earnings for wood products, and "significantly higher" take in both the real estate and cellulose fibers businesses. 

Following the announcement of the results, the company's stock closed the day up 3.6%, or $1.09, to $31.39.  

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2701116, ~/Articles/ArticleHandler.aspx, 5/24/2015 3:22:32 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!