Rayonier Adv Materials (NYSE:RYAM) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Rayonier Adv Materials missed estimated earnings by 16.67%, reporting an EPS of $0.05 versus an estimate of $0.06.
Revenue was up $115.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 22.02% increase in the share price the next day.
Here’s a look at Rayonier Adv Materials’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.04 | 0.10 | -0.16 | -0.41 |
| EPS Actual | 0.04 | 0.28 | -0.31 | -0.38 |
| Revenue Estimate | 436.36M | 420.42M | 387.36M | 365.35M |
| Revenue Actual | 500.00M | 466.00M | 399.00M | 352.00M |
To track all earnings releases for Rayonier Adv Materials visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
