Rayonier Q3 2023 Adj. EPS $0.13 Beats $0.11 Estimate, Revenue $201.6M Misses $208.3M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rayonier reported Q3 2023 adjusted EPS of $0.13, beating the estimate of $0.11. However, the company's revenue of $201.6M fell short of the $208.3M estimate.
November 01, 2023 | 9:06 pm
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NEUTRAL IMPACT
Rayonier's Q3 2023 earnings beat estimates but revenue fell short. This mixed result could lead to volatility in the stock's price.
Rayonier's earnings beat estimates, which is a positive signal for investors. However, the missed revenue estimate could be a concern, potentially leading to mixed reactions in the market. This could result in short-term volatility for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100