Shares of Weyerhaeuser Co. (WY) fell about 9% Friday after third-quarter sales and profit missed analysts expectations as weather, trade policy and volatility in the wood-products markets weighed on its quarterly results. Analysts polled by FactSet were expecting earnings of 37 cents a share, but the firm reported just 28 cents a share. The Seattle timber company also tapered down expectations for the fourth quarter and said it anticipates earnings "significantly" lower than the third quarter. The company's stock is down nearly 25% for the year. (patrick.thomas@wsj.com)

 

(END) Dow Jones Newswires

October 26, 2018 11:48 ET (15:48 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Weyerhaeuser (NYSE:WY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Weyerhaeuser Charts.
Weyerhaeuser (NYSE:WY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Weyerhaeuser Charts.