Rayonier Advanced Materials (RYAM) Reports Q3 Loss, Lags Revenue Estimates
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Rayonier Advanced Materials (RYAM) reported a Q3 loss of $0.12 per share, which was better than the Zacks Consensus Estimate of a $0.18 loss. This is an improvement from the $0.41 loss per share reported a year ago.
November 06, 2024 | 12:15 am
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Rayonier Advanced Materials reported a Q3 loss of $0.12 per share, better than the expected $0.18 loss, showing improvement from last year's $0.41 loss.
The better-than-expected earnings report, with a smaller loss than anticipated, is likely to have a positive short-term impact on RYAM's stock price. The improvement from the previous year's loss also suggests a positive trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100