Investing.com - Sealed Air (NYSE:SEE) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $0.73 on revenue of $1.17B. Analysts polled by Investing.com anticipated EPS of $0.58 on revenue of $1.13B. That with comparison to EPS of $0.59 on revenue of $1.11B in the same period a year before.Sealed Air had reported EPS of $0.78 on revenue of $1.3B in the previous quarter.Analysts are expecting EPS of $0.66 and revenue of $1.16B in the upcoming quarter.
Sealed Air shares are down 31% from the beginning of the year and are trading at $27.21 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.39% year to date.
Sealed Air follows other major Basic Materials sector earnings this month
Sealed Air's report follows an earnings missed by Newmont Goldcorp on Tuesday, who reported EPS of $0.4 on revenue of $2.58B, compared to forecasts EPS of $0.42 on revenue of $2.71B.
Air Products had missed expectations on Thursday, April 23, 2020 with second quarter EPS of $2.04 on revenue of $2.22B, compared to forecast for EPS of $2.08 on revenue of $2.16B.
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