Weyerhaeuser beat the street Friday morning with a solid quarterly earnings report. NASDAQ.com reports:
Weyerhaeuser reported earnings, before special items, of 23 cents per share in third-quarter 2016. The bottom line result came in above the Zacks Consensus Estimate of 22 cents per share.
Revenue: Revenues lagged. Weyerhaeuser generated revenues of $1.709 billion, below the Zacks Consensus Estimate of $1.74 billion.
Key Stats to Note: During the third-quarter 2016, the company completed divesting its liquid packaging board business as well as completed $2 billion accelerated share repurchase program.