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Rayonier lowers FY'19 EPS guidance range, cites trade dispute with China

Timber real estate investment trust Rayonier Inc. lowered its 2019 EPS guidance to a range of 42 cents to 49 cents, compared to a previous range of 46 cents to 53 cents.

The company said in its second-quarter earnings release that the ongoing trade dispute between the U.S. and China has negatively affected its timber segments and led it to reduce its expectations for the year.

The S&P Global Market Intelligence consensus EPS estimate for the year is 50 cents per share.