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Rayonier Advanced Materials: 3Q Earnings Snapshot

·1 min read

JACKSONVILLE, Fla. (AP) _ Rayonier Advanced Materials Inc. (RYAM) on Wednesday reported third-quarter net income of $29 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Jacksonville, Florida-based company said it had net income of 45 cents.

The maker of cellulose products posted revenue of $424 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $3.59. A year ago, they were trading at $4.38.

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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 RYAM at https://www.zacks.com/ap/RYAM