Investing.com - Rayonier Advanced Materials reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Rayonier Advanced Materials announced earnings per share of $0.270 on revenue of $466.0M. Analysts polled by Investing.com anticipated EPS of $0.083 on revenue of $418.42M.
Rayonier Advanced Materials shares are up 6.41% from the beginning of the year and are trading at $7.140 , down-from-52-week-high.
Rayonier Advanced Materials follows other major Materials sector earnings this month
Rayonier Advanced Materials's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Sherwin-Williams had beat expectations on October 25 with third quarter EPS of $2.83 on revenue of $6.05B, compared to forecast for EPS of $2.59 on revenue of $5.81B.
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