Weyerhaeuser Co Reports 33% Rise In Q1 Earnings

(RTTNews) - Weyerhaeuser Co (WY) reported earnings for its first quarter that rose from last year.

The company said its bottom line rose to $167 million, or $0.22 per share. This was up from $126 million, or $0.20 per share, in last year's first quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.9% to $1.69 billion. This was up from $1.41 billion last year.

Weyerhaeuser Co earnings at a glance:

-Earnings (Q1): $167 Mln. vs. $126 Mln. last year. -Earnings Growth (Y-o-Y): 32.5% -EPS (Q1): $0.22 vs. $0.20 last year. -EPS Growth (Y-o-Y): 10.0% -Analysts Estimate: $0.18 -Revenue (Q1): $1.69 Bln vs. $1.41 Bln last year. -Revenue Change (Y-o-Y): 19.9%