Western Forest Products beats Q2 estimates

Western Forest Products reported Q2 earnings of $78.3 million ($0.21 per diluted share). That was up from $8.5 million ($0.02) a year prior, driven by the ongoing boom in lumber prices. Revenues rose by more than 60 percent to $414.4 million, from $256.3 million in Q2 2020. Analysts on average had forecast earnings of $0.17 per share on sales of $372 million.