Weyerhaeuser Co. (WY) reported weaker-than-expected fourth-quarter 2016 results.
Weyerhaeuser Co. (WY) reports fourth-quarter and full-year 2016 results.
International Paper Company (IP) reported relatively modest fourth-quarter 2016 results with adjusted operating earnings of $303 million or 73 cents per share compared with $361 million or 87 cents per share in the year-ago quarter.
Weyerhaeuser Company (WY) is seeing encouraging earnings estimate revision activity as of late and carries a favorable rank, positioning the company for a likely beat this season.
International Paper Company (IP) beats fourth-quarter 2016 earnings.
Overall, earnings growth for the quarter is on track to mark growth and construction seems to be one of the stand-out sectors. Total earnings at these construction companies increased 13.8% on 13.4% higher revenues.
Weyerhaeuser Company (WY) is scheduled to report fourth-quarter 2016 results on Feb 3, before the market opens.
International Paper Company (IP) is scheduled to report fourth-quarter 2016 results before the opening bell on Feb 2.
We issued an updated research report on Weyerhaeuser Company (WY) on Jan 6, 2017.
Weyerhaeuser Co. (WY) completed the divestiture of its Cellulose Fibers business to International Paper Company (IP) for $2.2 billion cash, subject to post-closing modifications.
Weyerhaeuser Company (WY) announced that it has successfully completed divesting its printing papers company, North Pacific Paper Company, to One Rock Capital Partners, LLC.
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Weyerhaeuser Company (WY) reported adjusted earnings of 23 cents per share for third-quarter 2016, above the Zacks Consensus Estimate of 22 cents and in-line year over year.