Weyerhaeuser (NYSE:WY) reported Q2 adjusted net earnings of $0.32 per diluted share, down from $1.06 per share a year earlier.
Analysts polled by Capital IQ expected normalized EPS of $0.21.
Net sales for the quarter ended June 30 fell to $2 billion from $2.97 billion a year earlier. Analysts’ estimate was $2.02 billion.