Rayonier Q1 2024 Adj EPS $0.05 Beats $0.04 Estimate, Sales $168.100M Miss $193.675M Estimate

Rayonier (NYSE:RYN) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. This is a 400 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $168.100 million which missed the analyst consensus estimate of $193.675 million by 13.21 percent. This is a 6.14 percent decrease over sales of $179.100 million the same period last year.