Investing.com - Ivanhoe Electric reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ivanhoe Electric announced earnings per share of $-0.43 on revenue of $1.18M. Analysts polled by Investing.com anticipated EPS of $-0.19 on revenue of $1.25M.
Ivanhoe Electric shares are down 0% from the beginning of the year and are trading at $9.92 , down-from-52-week-high.
Ivanhoe Electric follows other major Materials sector earnings this month
Ivanhoe Electric's report follows an earnings beat by Air Products on November 3, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Corteva had beat expectations on November 3 with third quarter EPS of $-0.12 on revenue of $2.78B, compared to forecast for EPS of $-0.2207 on revenue of $2.59B.
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