Movement Alert|Weyerhaeuser Rises 5.64% in Regular Trading, Q2 Earnings Beat on Revenue and Profit with Positive Q3 Guidance

Market Focus08-01

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment