Rayonier: Q2 Earnings Snapshot
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WILDLIGHT, Fla. (AP) — WILDLIGHT, Fla. (AP) — Rayonier Inc. (RYN) on Wednesday reported earnings of $19 million in its second quarter.
On a per-share basis, the Wildlight, Florida-based company said it had net income of 13 cents. Earnings, adjusted for non-recurring gains, were 5 cents per share.
The forest products company posted revenue of $208.9 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $209.9 million.
Rayonier expects full-year earnings in the range of 30 cents to 40 cents per share.
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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 RYN at https://www.zacks.com/ap/RYN
