Rayonier Inc. Reports 50% Drop In Q4 Profit

(RTTNews) - Rayonier Inc. (RYN) reported earnings for fourth quarter that fell compared to the same period last year.

The company said its bottom line totaled $5.7 million, or $0.05 per share. This was down from $11.3 million, or $0.09 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 60.8% to $220.5 million. This was up from $137.1 million last year.

Rayonier Inc. earnings at a glance:

-Earnings (Q4): $5.7 Mln. vs. $11.3 Mln. last year. -Earnings Decline (Y-o-Y): -49.6% -EPS (Q4): $0.05 vs. $0.09 last year. -EPS Decline (Y-o-Y): -44.4% -Analysts Estimate: $0.04 -Revenue (Q4): $220.5 Mln vs. $137.1 Mln last year. -Revenue Change (Y-o-Y): 60.8%