Investing.com - Summit Materials Inc reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Summit Materials Inc announced earnings per share of $0.71 on revenue of $686M. Analysts polled by Investing.com anticipated EPS of $0.75 on revenue of $674.61M.
Summit Materials Inc shares are up 17.79% from the beginning of the year and are trading at $25.12 , down-from-52-week-high.
Summit Materials Inc follows other major Materials sector earnings this month
Summit Materials Inc's report follows an earnings beat by Sherwin-Williams on October 25, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Nutrien had missed expectations on Wednesday with third quarter EPS of $2.51 on revenue of $8.19B, compared to forecast for EPS of $4.1 on revenue of $8.97B.
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