FEDERAL WAY, Wash. — Weyerhaeuser posted earnings of $167 million, or $0.22 per share, up from $126 million the previous Q1. Analysts on average had forecast a drop to $0.18 per share. Total revenues for the quarter rose 19.9% to $1.69 billion, compared to $1.41 billion last year. The first quarter saw the company close its merger with Plum Creek Timber.
Weyerhaeuser beats Q1 estimates
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