Weyerhaeuser (WY) Tops Q2 EPS by 1c

Weyerhaeuser (NYSE: WY) reported Q2 EPS of $0.28, $0.01 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.83 billion.

"Each of our businesses delivered strong second quarter operating results, leveraging ongoing operational excellence initiatives to capitalize on improving markets," said Doyle R. Simons, president and CEO. "In the quarter, we also announced the pending sale of our Uruguay operations and completed the asset value optimization process for our Western timberlands. Looking forward, we are extremely well positioned to continue to capitalize on the improving housing market, and remain relentlessly focused on driving value for our shareholders through operational improvements and disciplined capital allocation."

For earnings history and earnings-related data on Weyerhaeuser (WY) click here.

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