Rayonier: 3Q Earnings Snapshot
WILDLIGHT, Fla. (AP) _ Rayonier Inc. (RYN) on Wednesday reported a third-quarter loss of $400,000, after reporting a profit in the same period a year earlier.
The Wildlight, Florida-based company said it had a loss of less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The forest products company posted revenue of $156.4 million in the period.
Rayonier shares have risen 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.42, a decrease of roughly 3% in the last 12 months.