Investing.com - Elkem reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Elkem announced earnings per share of kr4.80 on revenue of kr11.05. Analysts polled by Investing.com anticipated EPS of kr3.06 on revenue of kr10.63B.
Elkem shares are down 33% from the beginning of the year and are trading at kr35.32 , down-from-52-week-high.
Elkem follows other major Materials sector earnings this month
Elkem's report follows an earnings beat by Norsk Hydro on Tuesday, who reported EPS of kr2.91 on revenue of kr52.44, compared to forecasts EPS of kr1.85 on revenue of kr48.46B.
Borregaard had beat expectations on Friday, October 21, 2022 with third quarter EPS of kr2.39 on revenue of kr1.75B, compared to forecast for EPS of kr2.18 on revenue of kr1.8B.
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