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Weyerhaeuser Company (WY): Q3 2019 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

– Weyerhaeuser Company (NYSE: WY) reported adjusted earnings of $0.08 per share for the third quarter of 2019, vs. $0.10 per share expected

– Third-quarter net profit was $99 million or $0.13 per share, vs. $255 million or $0.34 per share in the year-ago-quarter

– Adjusted EBITDA declined to $308 million from $505 million in the third quarter of 2018

– Net sales dropped 13% year-on-year to $1.67 billion, vs. $1.68 billion expected

– Company Expects fourth-quarter earnings to be in line with the Q3 levels

– Expects seasonally lower road and unit logging costs and modestly higher average domestic sales realizations for Q4

– Weyerhaeuser stock gained 24% since the beginning of the year; closed last trading session lower

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

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