Rayonier (RYN) Q2 Earnings and Revenues Miss Estimates
Rayonier(RYN) ZACKS·2024-08-09 01:36
Shares of Rayonier Inc. (RYN) are down more than 3% so far in today's trading session on the NYSE following its yesterday's announcement of a lower-than-expected performance in the second quarter. Rayonier reported second-quarter 2024 pro-forma net income per share of 2 cents, down from 5 cents reported in the year-ago quarter. This also missed the Zacks Consensus Estimate of 14 cents. Results reflect lower harvest volumes in its Timber segments amid the choppiness in the market. Total revenues came in at $ ...