Investing.com - Sealed Air reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $0.89 on revenue of $1.34B. Analysts polled by Investing.com anticipated EPS of $0.7781 on revenue of $1.3B.
Sealed Air shares are up 1.81% from the beginning of the year and are trading at $45.48 , down-from-52-week-high.They are under-performing the S&P 500 which is up 4.25% from the start of the year.
Sealed Air follows other major Basic Materials sector earnings this month
Sealed Air's report follows an earnings beat by Sherwin-Williams on January 28, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Air Products had missed expectations on Thursday with first quarter EPS of $2.12 on revenue of $2.38B, compared to forecast for EPS of $2.18 on revenue of $2.35B.
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