Rayonier Reports Third Quarter 2015 Results
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Rayonier (RYN) Tops Q3 EPS by 6c, Offers Outlook
November 2, 2015 4:34 PM ESTRayonier (NYSE: RYN) reported Q3 EPS of $0.17, $0.06 better than the analyst estimate of $0.11. Revenue for the quarter came in at $151.7 million versus the consensus estimate of $146.75 million.
Outlook
In light of the continued sluggish recovery in housing starts and challenging export market conditions, we are accelerating the step-down of our harvest volumes in the Pacific Northwest, stated Nunes. For the full year, the Company now expects harvest volumes to be approximately 5.4 million tons in the South, 1.2 million tons in... More
