Investing.com - Sylvamo reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sylvamo announced earnings per share of $2.51 on revenue of $968M. Analysts polled by Investing.com anticipated EPS of $1.73 on revenue of $898M.
Sylvamo shares are down 24% from the beginning of the year and are trading at $42.72 , down-from-52-week-high.
Sylvamo shares gained 5.14% in pre-market trade the report.
Sylvamo follows other major Materials sector earnings this month
Sylvamo's report follows an earnings beat by Air Products on November 3, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Vale ADR had beat expectations on October 27 with third quarter EPS of $0.98 on revenue of $9.93B, compared to forecast for EPS of $0.6671 on revenue of $10.74B.
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