Reports Q3 revenue $2.02B, consensus $2.07B. “In the third quarter, we delivered solid results across our businesses,” said Devin W. Stockfish, president and chief executive officer. “In addition, we achieved an important milestone in our Natural Climate Solutions growth program with the approval of our first forest carbon credits in Maine. Looking ahead, although near-term market conditions have moderated, we remain constructive on the longer-term demand fundamentals that support our businesses. Our balance sheet is exceptionally strong, and we remain focused on maintaining our industry-leading operating performance, serving our customers and delivering superior long-term value and returns for our shareholders.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WY:
- Best Stocks to Buy Now, 10/27/2023, According to Top Analysts
- Weyerhaeuser Reports Third Quarter Results
- Weyerhaeuser price target lowered to $38 from $39 at Seaport Research
- Weyerhaeuser lowers Q3 Timberlands segment view due to Japan, wildfire caution
- Weyerhaeuser granted approval for carbon credit project in Maine