UPDATE: Rayonier Reports Decline In Q4 Profit
Rayonier Inc (NYSE: RYN) posted a drop in its fourth-quarter profit.
Rayonier's net income fell to $56 million, or $0.45 per share, from $59 million, or $0.48 per share, in the year-ago period. Its sales surged 23% to $388.4 million.
Rayonier shares fell 2.34% to $46.00 in pre-market trading.
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