The stock fell 1.9% in Friday's trading to close at $26.75.
Excluding special items, the timber and paper products company reported fourth-quarter earnings of $70 million, or 10 cents a share, missing the Zacks consensus estimate of 11 cents. Fourth-quarter revenue came in at $1.6 billion and missed Zacks consensus by 8.9%.
For 2018 and excluding special items like a tax charge and pension liabilities, the company reported net earnings of $891 million, or $1.18 a share, on net sales of of $7.5 billion.
"In 2018 we delivered strong results through a wide range of market conditions, generating over $2 billion of adjusted EBITDA, returning nearly $1.4 billion to shareholders through dividends and share repurchases, and significantly reducing our pension liabilities," said Weyerhaeuser CEO and President Devin Stockfish in a statement. "Entering 2019, U.S. economic fundamentals remain strong and we expect continued growth in U.S. housing."
For the first quarter of 2019, Weyerhaeuser said it expects earnings and adjusted EBITDA lower than the fourth quarter in the timberland segment, higher for the wood products segment, and expects an increase in the real estate segment due to the timing of real estate transactions.
In the last year, Weyerhaeuser beat quarterly consensus EPS estimates twice. Shares are up nearly 20% since the beginning of the year compared to the S&P 500's 7.9% gain.