FEDERAL WAY (dpa-AFX) - Weyerhaeuser Co (WY) revealed a profit for second quarter that Decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $87 million, or $0.12 per share. This compares with $173 million, or $0.24 per share, last year.
Excluding items, Weyerhaeuser Co reported adjusted earnings of $87 million or $0.12 per share for the period.
Analysts on average had expected the company to earn $0.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.1% to $1.88 billion from $1.94 billion last year.
Weyerhaeuser Co earnings at a glance (GAAP) :
-Earnings: $87 Mln. vs. $173 Mln. last year. -EPS: $0.12 vs. $0.24 last year. -Revenue: $1.88 Bln vs. $1.94 Bln last year.
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