3 Company Earnings Results in Focus Among Traders and Investors

Weyerhaeuser Co. (NYSE:WY) reported its results for the fourth quarter. Net income for Weyerhaeuser Co fell to $65 million (12 cents per share) vs. $171 million (32 cents per share) in the same quarter a year earlier. This marks a decline of 62% from the year earlier quarter. Revenue fell 3% to $1.62 billion from the year earlier quarter. Weyerhaeuser Co reported adjusted net income of 14 cents per share. By that measure, the company beat the mean estimate of 6 cents per share.

“In 2011 we took full advantage of opportunities to improve our performance in a weaker than expected US housing market,” said Dan Fulton, president and chief executive officer. “In Timberlands, we used our long term competitive strength in the Asian export markets to capitalize on emerging Chinese demand. Cellulose Fibers leveraged strong customer relationships and excellent operational performance to deliver a second consecutive year of record financial results. Our Real Estate business maintained profitability despite challenging market conditions, and Wood Products generated improved results. Through the sale of our hardwoods and Westwood Shipping Lines businesses we sharpened our strategic direction, and we remain focused on improving performance to generate superior sustainable returns for our shareholders in 2012.”

Competitors to Watch: Universal Forest Products, Inc. (NASDAQ:UFPI), Deltic Timber Corporation (NYSE:DEL), Canfor Corporation (AMEX:CFP), Rougier SA (NYSE:RGR).

Aon Corporation (NYSE:AON) reported its results for the fourth quarter. Net income from continuing operations for Aon Corporation rose to $277 million (82 cents per share) vs. $232 million (67 cents per share) in the same quarter a year earlier. This marks a rise of 19.9% from the year earlier quarter. Revenue rose 3% to $2.99 billion from the year earlier quarter. Aon Corporation reported adjusted net income of 97 cents per share. By that measure, the company beat the mean estimate of 96 cents per share. Analysts were expecting revenue of $3 billion.

“Our fourth quarter results reflect 15 percent growth in earnings as highlighted by organic growth across all major businesses and the continued delivery of synergy savings related to Aon Hewitt,” said Greg Case, president and chief executive officer. “While macro economic conditions remain challenging globally, we are firmly on track to deliver improved growth in 2012, our restructuring programs will deliver cost savings and we have solid financial flexibility that will drive increased shareholder value, as highlighted by the repurchase of $828 million of common stock in 2011.”

Competitors to Watch: Arthur J. Gallagher & Co. (NYSE:AJG), Brown & Brown, Inc. (NYSE:BRO), Marsh & McLennan Companies, Inc. (NYSE:MMC), Willis Group Holdings PLC (NYSE:WSH), CNinsure Inc. (NASDAQ:CISG), Fortegra Financial Corp (NYSE:FRF), InsWeb Corporation (NASDAQ:INSW), eHealth, Inc. (NASDAQ:EHTH), and American Insurance Group (NYSE:AIG).

Simon Property Group Inc. (NYSE:SPG) reported its results for the fourth quarter. The company’s funds from operations (FFO) rose 6.1% from the year earlier quarter to $1.91. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of $1.90 per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.

“Our portfolio of high quality assets continues to demonstrate strength as our regional malls and Premium Outlets generated comparable property net operating income growth of 4.5% in the quarter,” said David Simon, Chairman and Chief Executive Officer. “Occupancy in the portfolio was 30 basis points higher than one year ago and our tenants reported a robust increase in sales of 10.7%. Financing activities during the quarter enhanced our industry leading balance sheet and the ramping up of development and redevelopment activities positions us to continue to deliver strong results for our stockholders. Given our results in 2011 and our current view of 2012, we are also pleased to announce an increase in our quarterly dividend to $0.95 per share from $0.90.”

Competitors to Watch: General Growth Properties, Inc (NYSE:GGP), Developers Diversified Realty Corp. (NYSE:DDR), Pennsylvania R.E.I.T. (NYSE:PEI), Kimco Realty Corporation (NYSE:KIM), Ramco-Gershenson Properties Trust (NYSE:RPT), Tanger Factory Outlet Centers Inc. (NYSE:SKT), Regency Centers Corp. (NYSE:REG), Glimcher Realty Trust (NYSE:GRT), American Assets Trust, Inc (NYSE:AAT), and Kite Realty Group Trust (NYSE:KRG).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com