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Weyerhaeuser (WY +4.2%) trades up in relief after its Q4 beats consensus estimates despite a 62%...
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Friday, February 3, 2012, 10:47 AM ETWeyerhaeuser (WY +4.2%) trades up in relief after its Q4 beats consensus estimates despite a 62% Y/Y drop in earnings on slowing sales and write-downs. Wood products - the company's biggest segment by sales - saw revenue decline 14% Q/Q, while its loss from continuing operations also widened sequentially, but the hit was not as great as anticipated.
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