Rayonier Advanced Materials Inc reports results for the quarter ended September 30 - Earnings Summary

Rayonier Advanced Materials Inc reported a quarterly adjusted loss of 7 cents per share for the quarter ended September 30, an improvement from a loss of 12 cents in the same quarter last year. Revenue fell 12% to $353 million, below analysts' expectations of $373.7 million. The company's shares dropped 7.2% this quarter and 18.8% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $6.00, slightly below the last closing price of $6.53.