Weyerhaeuser reports q1 earnings per share of $0.20

Reports first quarter results.q1 earnings per share $0.20.q1 sales $1.7 billion versus refinitiv ibes estimate of $1.65 billion.q1 earnings per share estimate $0.13 -- refinitiv ibes data.q1 earnings per share $0.18 excluding items.expects q2 2020 earnings and adjusted ebitda will be significantly lower than q1 2020.expects to reduce fy 2020 southern fee harvest by approximately 10 percent compared with prior outlook and full year 2019.company does not anticipate material changes to western fee harvest volumes.will reduce 2020 capital expenditures by approximately $90 million, or 25 percent, by deferring discretionary projects.expects full year 2020 capital expenditures of approximately $270 million.to cut 2020 operating expenses by about $55 million; in addition, about $25 million of federal payroll tax payments to be deferred till 2021.board of directors is temporarily suspending quarterly cash dividend.senior management team and board of directors have elected to reduce their compensation for remainder of 2020.
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