FEDERAL WAY (dpa-AFX) - Weyerhaeuser Co (WY) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $83 million, or $0.11 per share. This compares with $114 million, or $0.16 per share, last year.
Analysts on average had expected the company to earn $0.10 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.8% to $1.763 billion from $1.796 billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings: $83 Mln. vs. $114 Mln. last year. -EPS: $0.11 vs. $0.16 last year. -Revenue: $1.763 Bln vs. $1.796 Bln last year.
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