Investing.com - Olin reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Olin announced earnings per share of $2.18 on revenue of $2.32. Analysts polled by Investing.com anticipated EPS of $1.85 on revenue of $2.33B.
Olin shares are down 4.3% from the beginning of the year and are trading at $49.56 , down-from-52-week-high.
Olin follows other major Materials sector earnings this month
Olin'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, 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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