Weyerhaeuser beats by $0.11, beats on revs :
- Reports Q4 (Dec) earnings of $0.35 per share, $0.11 better than the Capital IQ Consensus of $0.24; revenues rose 1.8% year/year to $1.82 bln vs the $1.73 bln Capital IQ Consensus.
- 1Q 2016 Outlook -
- Timberlands: Co expects comparable earnings from the Timberlands segment in the first quarter. In the West, the company expects higher log sales volumes and average realizations. In the South, the company anticipates seasonally lower fee harvest volumes and slightly decreased average log sales realizations due to mix. The company expects lower earnings from the disposition of nonstrategic timberlands in first quarter 2016 compared with fourth quarter 2015.
- Wood Products: Co expects higher earnings from the Wood Products segment in the first quarter. The company expects moderately higher average sales realizations for lumber and increased production volumes across all product lines.
- Cellulose Fibers: Co expects significantly lower earnings from the Cellulose Fibers segment in the first quarter. The company anticipates decreased average sales realizations for pulp, seasonally lower pulp sales volumes, and additional maintenance expense due to a scheduled outage at the company's liquid packaging board facility.
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