Weyerhaeuser beats Q2 estimates

SEATTLE — Weyerhaeuser has reported net earnings of $128 million, or $0.17 per diluted share, on net sales of $1.7 billion. The results compare with net earnings of $317 million, or $0.42 per diluted share, on net sales of $2.1 billion for the same period last year. Excluding an after-tax adjustment of $5 million for special items, the company reported net earnings of $123 million, compared with $332 million for the same period last year and $80 million for the previous quarter. The Zacks Consensus Estimate for Q2’s profits was just $0.10 per share.