Weyerhaeuser Q4 Earnings Top Estimates, Revenue Falls Short
Weyerhaeuser Co. (WY) reported better-than-expected fourth-quarter earnings on Thursday but missed revenue estimates.
Earnings:
* Net income of $81 million, or $0.11 per share, beating consensus estimates of $0.07 per share.
Revenue:
* $1.71 billion, falling short of analysts' expectations of $1.74 billion.
Full-Year Results:
* Profit of $396 million, or $0.54 per share.
* Revenue of $7.12 billion.
Analyst Commentary:
Five analysts surveyed by Zacks Investment Research had estimated earnings of $0.07 per share, while three analysts predicted revenue of $1.74 billion.
Company Performance:
Weyerhaeuser is a leading supplier of timber and paper products. The company's results benefited from strong demand for housing materials. However, the revenue miss may be attributed to supply chain disruptions and rising costs.