Rayonier Inc. Bottom Line Advances In Q4

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

The company's bottom line totaled $16.0 million, or $0.12 per share. This compares with $2.0 million, or $0.02 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $178.8 million from $166.1 million last year.

Rayonier Inc. earnings at a glance:

-Earnings (Q4): $16.0 Mln. vs. $2.0 Mln. last year. -EPS (Q4): $0.12 vs. $0.02 last year. -Analysts Estimate: $0.09 -Revenue (Q4): $178.8 Mln vs. $166.1 Mln last year.