Investing.com - IAA reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
IAA announced earnings per share of $0.45 on revenue of $497.5M. Analysts polled by Investing.com anticipated EPS of $0.52 on revenue of $478.81M.
IAA shares are down 11% from the beginning of the year and are trading at $37.92 , down-from-52-week-high.
IAA shares lost 3.39% in intra-day trade the report.
IAA follows other major Industrials sector earnings this month
IAA's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar