Investing.com - Sealed Air reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $0.76 on revenue of $1.15B. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $1.09B.
Sealed Air shares are down 8% from the beginning of the year and are trading at $37.39 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3% from the start of the year.
Sealed Air shares gained 2.05% in pre-market trade the report.
Sealed Air follows other major Basic Materials sector earnings this month
Sealed Air's report follows an earnings beat by Air Products on July 23, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.06B.
Vale ADR had missed expectations on July 30 with second quarter EPS of $0.19 on revenue of $7.52B, compared to forecast for EPS of $0.29 on revenue of $7.56B.
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