Rayonier Adv Materials Q3 Adj $(0.40) Misses $(0.24) Estimate, Sales $369.00M Miss $393.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rayonier Advanced Materials (RYAM) reported Q3 losses of $0.41 per share, missing the analyst consensus estimate of $0.24 by 70.83%. This is a 246.43% decrease from last year's earnings. The company also reported quarterly sales of $369.00 million, missing the analyst consensus estimate of $393.17 million by 6.15%. This is a 20.82% decrease from last year's sales.
November 07, 2023 | 9:52 pm
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Rayonier Advanced Materials reported a significant decrease in Q3 earnings and sales, missing analyst estimates. This could negatively impact the company's stock in the short term.
Rayonier Advanced Materials reported a significant decrease in Q3 earnings and sales, missing analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
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RELEVANCE 100