Investing.com - Sealed Air reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $1.12 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $1.49B.
Sealed Air shares are down 7% from the beginning of the year and are trading at $63.75 , down-from-52-week-high.They are under-performing the Dow Jones which is down 3.86% from the start of the year.
Sealed Air shares lost 0.61% in pre-market trade the report.
Sealed Air follows other major Materials sector earnings this month
Sealed Air's report follows an earnings missed by Freeport-McMoran on January 26, who reported EPS of $0.96 on revenue of $6.16B, compared to forecasts EPS of $0.9703 on revenue of $6.44B.
Air Products had beat expectations on February 4 with first quarter EPS of $2.52 on revenue of $2.99B, compared to forecast for EPS of $2.5 on revenue of $2.74B.
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