June 16, 2021

Business Briefing | Company News: Weyerhaeuser Earnings Meet Expectations

Weyerhaeuser, the forest products maker and homebuilder, reported quarterly profit that matched Wall Street’s expectations, but the company warned that the United States housing market remained challenging and that China demand was slowing. For the third quarter, the company posted net income of $157 million, or 29 cents a share, compared with $1.12 billion, or $3.50 a share, a year ago. Sales rose 3.6 percent to $1.56 billion. Shares of Weyerhaeuser rose 2 percent, to $18.30.

Article source: http://feeds.nytimes.com/click.phdo?i=938f15e440ff97899616446c1fbfd8a8

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