Friday, May 4, 2007

UPDATE 1-Weyerhaeuser posts first-quarter profit vs loss

(Reuters) - The Federal Way, Washington-based company also said it was considering a sale or link-up of its containerboard, packaging and recycling business. Weyerhaeuser shares rose 4 percent in early electronic trading.

Net income in the quarter was $755 million, or $3.22 a share, compared with a net loss of $576 million, or $2.34 a share, in the year-ago quarter.


Read more at Reuters.com Market News

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