Weyerhaeuser Reports Narrower-Than-Expected Q3 Loss (WY)

Fri. October 30, 2009; Posted: 09:15 AM

Oct 30, 2009 (SmarTrend(R) News Watch via COMTEX) -- WY | Quote | Chart | News | PowerRating -- 10/30/2009 - Weyerhaeuser Company (NYSE:WY) reported a Q3 loss of $0.26 per share, ex-items, better than consensus estimates for a net loss of $0.45 per share. Revenue for the quarter fell 33.2% to $1.41 billion, inline with consensus analyst estimates of $1.42 billion. President and CEO Dan Fulton said, "With three of our four business segments linked closely to U.S. housing starts, this recession continues to affect our financial performance . . . Although we saw signs of improvement in the housing sector early in the third quarter, the market remains fragile. In response, we continue cutting costs and improving operations to weather the prolonged downturn and emerge a stronger company when the housing market eventually recovers."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Weyerhaeuser Co (WY) click here. Weyerhaeuser Co (WY) has Short Term PowerRatings of 5. Details on Weyerhaeuser Co (WY) Short Term PowerRatings is available at This Link.

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