Investing.com - Axalta Coating Systems reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Axalta Coating Systems announced earnings per share of $0.39 on revenue of $1.24. Analysts polled by Investing.com anticipated EPS of $0.39 on revenue of $1.21B.
Axalta Coating Systems shares are down 37% from the beginning of the year and are trading at $23.81 , down-from-52-week-high.
Axalta Coating Systems follows other major Materials sector earnings this month
Axalta Coating Systems's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on Thursday with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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