Weyerhaeuser Q2 Adj $0.21, Inline, Sales $1.94B Miss $1.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Weyerhaeuser (NYSE:WY) reported Q2 earnings of $0.21 per share, meeting analyst expectations but reflecting a 34.38% decrease from last year. Sales were $1.94 billion, slightly missing the $1.95 billion estimate and down 2.90% from the previous year.
July 25, 2024 | 8:26 pm
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Weyerhaeuser's Q2 earnings met expectations at $0.21 per share, but sales missed estimates at $1.94 billion. Both earnings and sales showed a decline compared to the same period last year.
The earnings per share met analyst expectations, which is neutral news. However, the slight miss in sales and the year-over-year decline in both earnings and sales could be seen as a negative indicator. The overall impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100