Investing.com - Ranpak Holdings reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ranpak Holdings announced earnings per share of $-0.11 on revenue of $77.80M. Analysts polled by Investing.com anticipated EPS of $-0.13 on revenue of $84.17M.
Ranpak Holdings shares are down 39.79% from the beginning of the year and are trading at $5.23 , down-from-52-week-high.
Ranpak Holdings follows other major Materials sector earnings this month
Ranpak Holdings'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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