Investing.com - Sealed Air reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $0.76 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $0.7792 on revenue of $1.28B.
Sealed Air shares are up 22% from the beginning of the year and are trading at $56.31 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.8% from the start of the year.
Sealed Air follows other major Materials sector earnings this month
Sealed Air's report follows an earnings missed by Vale ADR on Thursday, who reported EPS of $1.44 on revenue of $16.68B, compared to forecasts EPS of $1.48 on revenue of $16.83B.
Sherwin-Williams had missed expectations on July 27 with second quarter EPS of $2.65 on revenue of $5.38B, compared to forecast for EPS of $2.67 on revenue of $5.39B.
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