UPDATE: 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 adjusted earnings of $(0.40) per share, missing the estimate of $(0.24). The company's sales were $369.00M, also below the estimated $393.17M.
November 07, 2023 | 10:49 pm
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NEGATIVE IMPACT
Rayonier Advanced Materials reported lower than expected Q3 earnings and sales, which could negatively impact its stock price in the short term.
Rayonier Advanced Materials reported Q3 earnings and sales that were lower than expected. This could lead to a decrease in the company's stock price as it indicates that the company's financial performance is not meeting expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100