Weyerhaeuser Q1 Profit Declines - Quick Facts

(RTTNews) - Forest products company Weyerhaeuser Co. (WY) posted first-quarter 2015 net earnings attributable to common shareholders of $90 million, or $0.17 per share, compared to $183 million or $0.31 per share in the prior year.

Adjusted net earnings from continuing operations attributable to common shareholders were $99 million or $0.19 per share, compared with $143 million or $0.26 per share in the year-ago quarter. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.25 per share. Analysts' estimates typically exclude special items.

Net sales from continuing operations of $1.72 billion, down from $1.74 billion in the comparable quarter last year. Analysts expected revenue of $1.77 billion for the quarter.