Investing.com - Sealed Air reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $0.71 on revenue of $1.41B. Analysts polled by Investing.com anticipated EPS of $0.8249 on revenue of $1.37B.
Sealed Air shares are up 28% from the beginning of the year and are trading at $58.99 , down-from-52-week-high.They are outperforming the S&P 500 which is up 22.83% from the start of the year.
Sealed Air follows other major Basic Materials sector earnings this month
Sealed Air's report follows an earnings missed by Sherwin-Williams on October 26, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.11 on revenue of $5.09B.
BASF ADR had beat expectations on October 27 with third quarter EPS of $0.4522 on revenue of $22.81B, compared to forecast for EPS of $0.437 on revenue of $20.76B.
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