Rayonier Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Rayonier Inc. (RYN) announced a profit for fourth quarter that dropped from last year.

The company's earnings totaled $10.3M, or $0.07 per share. This compares with $16.0M, or $0.12 per share, in last year's fourth quarter.

Excluding items, Rayonier Inc. reported adjusted earnings of $11.0 million or $0.08 per share for the period.

Analysts had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.9% to $205.5M from $178.8M last year.

Rayonier Inc. earnings at a glance:

-Earnings (Q4): $11.0 Mln. vs. $16.0 Mln. last year. -EPS (Q4): $0.08 vs. $0.12 last year. -Analysts Estimate: $0.05 -Revenue (Q4): $205.5M vs. $178.8M last year.