Apr 29, 2010. /Lesprom Network/. Weyerhaeuser Company reported a net loss of $20 million for the 1Q, or 10 cents per share, on net sales of $1.4 billion. This compares with a net loss of $264 million, or $1.25 per share, on net sales from continuing operations of $1.3 billion for the same period last year, company said in a statement received by Lesprom Network. Weyerhaeuser's sales increased 11.3% to $1.42 billion. That compares with analysts' average predictions of $1.39 billion. Sales increased in all but the company's real estate sales division where sales fell 12.2%. “After many difficult quarters, we’re encouraged by the improvement in our performance,” said Dan Fulton, President and CEO. “Financial results increased significantly compared with the prior quarter and on a year-over-year basis due to better market conditions and the work we’ve done to improve our long-term competitiveness. While the pace of the housing recovery remains uncertain, we’re moving in the right direction. In addition, recent approvals by our shareholders make it possible to complete our strategic conversion to a REIT.” Weyerhaeuser Company, one of the world’s largest forest products companies, began operations in 1900.