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Weyerhaeuser reports loss of $14 million in fourth quarter

By Associated Press
Published: January 31, 2020, 3:47pm

SEATTLE — Weyerhaeuser Co. on Friday reported a fourth-quarter loss of $14 million, after reporting a profit in the same period a year earlier.

The Seattle-based company said it had a loss of 2 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The timber and paper products company posted revenue of $1.55 billion in the period.

For the year, the company reported a loss of $76 million, or 10 cents per share, swinging to a loss in the period. Revenue was reported as $6.55 billion.

Weyerhaeuser shares have decreased slightly since the beginning of the year, while the Standard & Poor’s 500 index has risen about 2 percent. The stock has climbed 15 percent in the last 12 months.

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