Investing.com - Ball reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ball announced earnings per share of $0.65 on revenue of $2.8B. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $2.86B.
Ball shares are down 17% from the beginning of the year and are trading at $75.04 , down-from-52-week-high.They are under-performing the Nasdaq which is up 22.58% from the start of the year.
Ball follows other major Basic Materials sector earnings this month
Ball's report follows an earnings beat by Air Products on July 23, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.06B.
Vale ADR had missed expectations on July 30 with second quarter EPS of $0.19 on revenue of $7.52B, compared to forecast for EPS of $0.29 on revenue of $7.56B.
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