Timberland company Weyerhaeuser (WY) has reported better-than-expected third-quarter results on the back of growth in net sales. Following the earnings, shares of the company declined 1.9% to close at $35.72 on Friday. Quarterly net sales rose 11% year-over-year to $2.34 billion and surpassed the consensus estimate of $2.33 billion. Meanwhile, quarterly earnings of $0.60 per share grew 15.4% year-over-year and topped the consensus estimate of $0.57 per share. The company’s adjusted EBITDA increased marginally to $746 million from the previous year’s figure of $745 million. The CEO of Weyerhaeuser, Devin W.
https://www.tipranks.com/news/weyerhaeuser-posts-upbeat-q3-results-street-says-buy?utm_source=advfn.com&utm_medium=referral
Weyerhaeuser (NYSE:WY)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Weyerhaeuser Charts.
Weyerhaeuser (NYSE:WY)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Weyerhaeuser Charts.