On August 1, Weyerhaeuser rose 5.64% in regular trading, trading at $24.845/share, with turnover of $94.31 million. The move follows the company's Q2 earnings release on July 30 after market close, which exceeded Wall Street expectations on both top and bottom lines.
Specifically, Weyerhaeuser reported Q2 net sales of $1.87 billion, topping the FactSet consensus estimate of $1.85 billion. Diluted EPS came in at $0.23, nearly doubling from $0.12 in the year-ago period. Adjusted EPS of $0.11 beat the analyst estimate of $0.09 by approximately 22%. Revenue was essentially flat year-over-year versus $1.88 billion a year earlier.
Additionally, the company issued positive forward guidance, projecting Q3 earnings before special items and adjusted EBITDA to rise modestly from Q2 levels, signaling sequential operational improvement. This marks the second consecutive quarter of earnings beats, following Q1 adjusted EPS of $0.11 that exceeded estimates by 120%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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