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Weyerhaeuser (WY) earnings fail to impress investors

Stockhouse Editorial
0 Comments| July 29, 2013


Weyerhaeuser Co. (NYSE: WY, Stock Forum) was down 3.4% to $27.81 Monday after announced its financial results for the second quarter of fiscal 2013, prior to opening of North American stock markets.

The U.S. forestry giant posed diluted earnings per shares of 0.35 cents on revenue of $2.1 billion. That compares to year ago earnings of 0.09 cents on revenue of $1.8 billion.

That compares to Thomson Reuters consensus estimates for EPS of $0.30 and $2.04 billion in revenues.
At current levels, Weyerhaeuser has a market cap of $16 billion, based on 576.7 million shares outstanding.

The 52-week range is $33.24 and $22.85.


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