Investing.com - Livent reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Livent announced earnings per share of $0.41 on revenue of $231.6M. Analysts polled by Investing.com anticipated EPS of $0.38 on revenue of $243.15M.
Livent shares are down 58% from the beginning of the year and are trading at $29.64 , down-from-52-week-high.
Livent shares lost 5.39% in after-hours trade the report.
Livent follows other major Materials sector earnings this month
Livent's report follows an earnings beat by Sherwin-Williams on Tuesday, October 25, 2022, 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, October 20, 2022 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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