Investing.com - Sonoco Products reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sonoco Products announced earnings per share of $1.60 on revenue of $1.89B. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $1.91B.
Sonoco Products shares are down 14% from the beginning of the year and are trading at $62.08 , down-from-52-week-high.
Sonoco Products shares lost 0.08% in after-hours trade the report.
Sonoco Products follows other major Materials sector earnings this month
Sonoco Products'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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