Weyerhaeuser Company (WY), which owns and operates timberlands across the United States and Canada, has reported stronger-than-expected Q2 2021 results. The company’s robust results were primarily driven by the growth in net sales. Shares of the company fell 3.2% in Friday’s trading session. However, it pared its losses slightly to close at $33.77 in the extended trading session. Weyerhaeuser reported quarterly net sales of $3.1 billion, up about 93% from the same period last year, beating the Street's estimate of $3.01 billion. The company reported quarterly earnings per share (EPS) of $1.37, which denotes a significant jump from $0.10 per share last year. It topped the consensus estimate of $1.34.
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Weyerhaeuser (NYSE:WY)
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