Rayonier's Earnings and Revenues Miss Estimates in Q3
Rayonier(RYN) ZACKS·2024-11-08 01:15
Rayonier Inc. (RYN) reported a third-quarter 2024 pro-forma net income of 12 cents per share, missing the Zacks Consensus Estimate and the year-ago quarter’s figure of 13 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Total revenues came in at $195.0 million, which lagged the Zacks Consensus Estimate of $222.4 million. On a year-over-year basis, the figure decreased 3.3%. Adjusted EBITDA came in at $71.8 million, down from $78.9 million in the prior-year period. This 9% decr ...