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Weyerhaeuser misses Street 4Q forecasts

Weyerhaeuser wood products
Source: Weyerhaeuser
Weyerhaeuser wood products

Weyerhaeuser on Friday reported fourth-quarter profit of $177 million.

The Federal Way, Washington-based company said it had profit of 31 cents per share. Earnings, adjusted for non-recurring gains, came to 27 cents per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The timber and paper products company posted revenue of $1.79 billion in the period, also missing Street forecasts. Analysts expected $1.81 billion, according to Zacks.

For the year, the company reported profit of $1.83 billion, or $3.18 per share. Revenue was reported as $7.4 billion.

Weyerhaeuser shares have decreased slightly more than 1 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 2 percent. The stock has risen 16 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WY at http://www.zacks.com/ap/WY.