Weyerhaeuser Q2 Adj $0.32 Beats $0.21 Estimate, Sales $1.997B Miss $2.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Weyerhaeuser (NYSE:WY) reported Q2 earnings of $0.21 per share, in line with analyst consensus. However, the company's quarterly sales of $1.88 billion missed the estimated $2.00 billion by 5.95%. This represents a 36.73% decrease in sales and an 80.19% decrease in earnings compared to the same period last year.
July 27, 2023 | 8:31 pm
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Weyerhaeuser's Q2 earnings met expectations, but sales fell short of estimates. This could potentially impact investor confidence and the company's stock price.
Weyerhaeuser's earnings were in line with expectations, which is positive. However, the company's sales missed estimates by 5.95%, which is a significant miss. This, combined with the fact that both earnings and sales have decreased significantly compared to the same period last year, could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100