Rayonier Says On Track To Achieve Full-year Adjusted EBITDA Towards Lower End Of Prior Guidance Range
Portfolio Pulse from Benzinga Newsdesk
Rayonier announced that it is on track to achieve its full-year adjusted EBITDA towards the lower end of its prior guidance range.
August 07, 2024 | 10:11 pm
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Rayonier announced that it is on track to achieve its full-year adjusted EBITDA towards the lower end of its prior guidance range.
The announcement indicates that Rayonier's financial performance will be at the lower end of expectations, which could lead to a negative short-term impact on its stock price as investors may adjust their valuations based on the revised guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100