Weyerhaeuser's (WY) Q2 Earnings & Net Sales Miss Estimates
WYWeyerhaeuser(WY) ZACKS·2024-07-27 01:36

Weyerhaeuser Company’s (WY) shares dropped slightly by 0.2% in the after-hours trading session on Jul 25 after it reported weak results for second-quarter 2024.The company’s earnings and net sales missed the Zacks Consensus Estimate. On a year-over-year basis, both metrics declined due to the challenging lumber market affected by lower sales.Yet, during the second quarter, Weyerhaeuser demonstrated resilience despite ongoing challenges in the lumber market. Key driving factors included significant improveme ...