Weyerhaeuser's (WY) Shares Up on Q1 Earnings Beat, Net Sales Lag

Weyerhaeuser Company’s (WY) shares increased 2.7% in the after-hours trading session on Apr 25 after it reported mixed results for first-quarter 2024. 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, a decrease in domestic sales volumes as well as sales realizations accompanied by increased lumber manufacturing and raw materials costs. Also, export sales volumes were softer, especially ...