💨 Abstract

Rayonier Inc. (RYN) reported a loss of $3.4 million and a loss of 2 cents per share in the first quarter, with revenue of $82.9 million. This is lower than the expected revenue of $157 million. The forest products company expects earnings to range from 1 cent to 4 cents for the current quarter and between 31 cents to 41 cents for the full year.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖