Investing.com - Valvoline reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Valvoline announced earnings per share of $0.59 on revenue of $335.4M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $968.8M.
Valvoline shares are down 79% from the beginning of the year and are trading at $33.98 , down-from-52-week-high.
Valvoline shares gained 5.66% in intra-day trade the report.
Valvoline follows other major Materials sector earnings this month
Valvoline's report follows an earnings missed by Air Liquide ADR on October 25, who reported EPS of $0.5852 on revenue of $8.21B, compared to forecasts EPS of $0.5954 on revenue of $7.46B.
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 $0.5594 on revenue of $10.15B.
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