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SEATTLE (AP) — SEATTLE (AP) — Weyerhaeuser Co. (WY) on Thursday reported fourth-quarter net income of $219 million.
On a per-share basis, the Seattle-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring gains, were 16 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The timber and paper products company posted revenue of $1.77 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.85 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WY at https://www.zacks.com/ap/WY