SEATTLE (AP) _ Plum Creek Timber Co. (PCL) on Monday reported fourth-quarter net income of $68 million.

The Seattle-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring gains, came to 38 cents per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The timberland owner posted revenue of $428 million in the period, which also topped Street forecasts. Analysts expected $415 million, according to Zacks.

For the year, the company said profit was nearly unchanged at $214 million. Annual earnings per share dropped to $1.21 from $1.30. Revenue was reported as $1.48 billion.

Plum Creek Timber expects full-year earnings to be $1.05 to $1.30 per share.

Plum Creek Timber shares have increased nearly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $44.86, a climb of roughly 5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCL at http://www.zacks.com/ap/PCL

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Keywords: Plum Creek Timber, Earnings Report