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Weyerhaeuser: Q4 Earnings Snapshot

SEATTLE (AP) — SEATTLE (AP) — Weyerhaeuser Co. (WY) on Thursday reported fourth-quarter net income of $74 million.

The Seattle-based company said it had net income of 10 cents per share. Losses, adjusted for non-recurring gains, were 9 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The timber and paper products company posted revenue of $1.54 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion.

For the year, the company reported profit of $324 million, or 45 cents per share. Revenue was reported as $6.91 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

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