Weyerhaeuser (WY) Q4 Earnings Beat, Adjusted EBITDA Declines

Weyerhaeuser Company’s (WY) shares inched up 0.4% in the after-hour trading session on Jan 25, after it reported mixed results for fourth-quarter 2023. Its earnings beat the Zacks Consensus Estimate, but net sales missed the same.On a year-over-year basis, both metrics declined due to lower fee harvest volumes in the West and a decrease in domestic sales volumes.The company optimized its timberlands holdings with the strategic acquisition of mature and highly productive acreage in the Carolinas and Mississi ...