Rayonier Adv Materials Q2 EPS $(0.25) Misses $(0.10) Estimate, Sales $385.00M Miss $417.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rayonier Advanced Materials (RYAM) reported Q2 losses of $0.25 per share, missing the analyst consensus estimate of $0.10 by 150%. The company also reported quarterly sales of $385.00 million, missing the analyst consensus estimate of $417.63 million by 7.81%. This represents a 19.35% increase in losses and a 3.51% decrease in sales compared to the same period last year.
August 08, 2023 | 8:39 pm
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Rayonier Advanced Materials reported Q2 losses and sales that missed analyst estimates. This could negatively impact the company's stock in the short term.
Rayonier Advanced Materials reported higher than expected losses and lower than expected sales for Q2. This underperformance compared to analyst estimates could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100