Weyerhaeuser Up 3.1% On Earnings Beat (WY)

Shares of Federal Way, Washington-based Weyerhaeuser Company WY are trading up 3.1% at $24.31 per share during the Friday afternoon trading session. The day's trading range for shares of Weyerhaeuser Company has been between $23.94 and $24.75 per share. Analysts covering the company's stock give it a consensus price target of $20.54 per share. Volume of 9 million shares is well above the daily average volume of 5.7 million shares. Weyerhaeuser Company (WY) announced on Friday morning that it beat consensus Wall Street expectations. Weyerhaeuser Company announced 4th quarter adjusted earnings per share of 10 cents, on revenue of $1.66 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 6 cents per share, on revenue of $1.54 billion. Weyerhaeuser Company is one of the world's largest forest products companies. The company grows and harvest trees, builds homes and makes a range of forest products essential to everyday lives. Read more from Benzinga's Company news.