Weyerhaeuser Co WY swung to a Q1 profit from a loss in the year-earlier period.
The company reported its Q1 earnings at $99 million, or $0.18 per share, versus a loss of $20 million, or $0.10 per share, in the year-ago period. The company's latest quarter earnings included a gain of $96 million from its timberland sale. The company's revenue increased to $1.58 billion, from $1.42 billion. However, analysts were expecting earnings of $0.15 per share on revenue of $ 1.66 billion.
WY shares gained 0.25% to $24.05 in after-hours trading.
Read more from Benzinga's Company news.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in