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Weyerhaeuser Q2 profit soars YOY

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Weyerhaeuser Q2 profit soars YOY

Weyerhaeuser Co. said its second-quarter net earnings came to 42 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 43 cents per share.

The year-ago EPS was 3 cents.

Net earnings totaled $317 million, compared to $24 million in the year-earlier period. The company noted that the 2017 second-quarter results included, among other things, $147 million of impairment charges related to its Uruguayan operations and $50 million for product remediation.

Net earnings before special items rose 56.6% year over year to $332 million, or 44 cents per share, from $212 million, or 28 cents per share.