Federal Way, WA, April 26, 2006--Weyerhaeuser Co., posted a first-quarter loss versus a year-earlier profit after a charge related to the fine paper business.
The net loss totaled $580 million, or $2.36 a share, compared with a profit of $239 million, or $0.98, a year earlier.
Curtailed production and slightly better demand in recent months have enabled the company to raise some paper prices.
Weyerhaeuser's stock rose 10.2 percent in the first quarter, outperforming peers in the Standard & Poor's Paper index which rose 1.6 percent during the same period.
