SEATTLE (AP) — SEATTLE (AP) — Weyerhaeuser Co. (WY) on Thursday reported third-quarter earnings of $28 million.
The Seattle-based company said it had net income of 4 cents per share. Earnings, adjusted for restructuring costs, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The timber and paper products company posted revenue of $1.68 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.73 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WY at https://www.zacks.com/ap/WY