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Stock Market & Financial Investment News

News Breaks
April 25, 2014
05:42 EDTWYWeyerhaeuser reports Q1 EPS ex-items 26c, consensus 24c
Reports Q1 revenue $1.98B, consensus $2.08B. Average selling prices for Western logs improved across export and domestic markets. Western fee harvest volumes increased to capitalize on robust export markets, and unit logging costs fell due to higher volume and improved efficiencies. In the South, silviculture costs declined seasonally and average log price realizations improved slightly. These improvements were partially offset by lower Southern fee harvest volumes due to wet weather. Q1 included earnings of $4M from dispositions of non-strategic timberlands, a decrease of $16M compared with Q4.
News For WY From The Last 14 Days
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December 9, 2014
06:39 EDTWYNorbord, Ainsworth merger positive for Weyerhaeuser, says Citigroup
Citigroup views yesterday's merger announcement from Norbord and Ainsworth Lumber as positive for Weyerhaeuser (WY) and the oriented strand board market. Citi expects positive OSB earnings momentum for Weyerhaeuser as prices rebound in 2015-2016. Shares were up 58c yesterday to $36.11. Shares of Louisiana-Pacific (LPX), which attempted to acquire Ainsworth in 2013, rallied $1.33 to $16.83.

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