Investing.com - Reynolds reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Reynolds announced earnings per share of $0.24 on revenue of $938M. Analysts polled by Investing.com anticipated EPS of $0.23 on revenue of $981.75M.
Reynolds shares are down 35% from the beginning of the year and are trading at $29.40 , down-from-52-week-high.
Reynolds shares lost 6.25% in intra-day trade the report.
Reynolds follows other major Consumer Staples sector earnings this month
Reynolds's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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