Rayonier Adv Materials Q2 2024 Adj. EPS $0.19 Beats $(0.10) Estimate, Sales $419.000M Beat $402.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rayonier Advanced Materials (NYSE:RYAM) reported Q2 2024 adjusted EPS of $0.19, significantly beating the analyst estimate of $(0.10). The company also reported sales of $419 million, surpassing the $402.167 million estimate and showing an 8.83% increase from the same period last year.
August 06, 2024 | 9:38 pm
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Rayonier Advanced Materials (NYSE:RYAM) reported Q2 2024 adjusted EPS of $0.19, significantly beating the analyst estimate of $(0.10). The company also reported sales of $419 million, surpassing the $402.167 million estimate and showing an 8.83% increase from the same period last year.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, is likely to positively impact RYAM's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100