Weyerhaeuser Earnings Beat Wall Street Estimates on Timber

Weyerhaeuser reported third quarter results on Friday that beat analyst estimates. The Timber and paper products company posted revenue of $1.92 billion dollars, topping Wall Street forecasts. Weyerhaeuser shares have increased 6 percent since the beginning of the year with Standard and Poor's 50 index jumping nearly 8 percent. The company stock has climbed 10 percent in the last 12 months after divesting its home building real estate company last November. However Weyerhaeuser says it expects fourth quarter earnings to drop in its wood products division. The stock was up in Friday morning trading.