WILDLIGHT, Fla. (AP) — WILDLIGHT, Fla. (AP) — Rayonier Inc. (RYN) on Wednesday reported a loss of $3.4 million in its first quarter.
The Wildlight, Florida-based company said it had a loss of 2 cents per share.
The forest products company posted revenue of $82.9 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $157 million.
For the current quarter ending in June, Rayonier expects its per-share earnings to range from 1 cent to 4 cents.
The company expects full-year earnings in the range of 31 cents to 41 cents per share.
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