Weyerhaeuser Swings To Q1 Profit

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.