Investing.com - Amcor reported third quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of A$0.19 on revenue of A$4.56B. Analysts polled by Investing.com anticipated EPS of A$0.21 on revenue of A$4.69B. . The company had reported EPS of A$0.09 on revenue of A$3.82B in the previous quarter.
For the year, Amcor shares are up 9.43%, under-performing the S&P/ASX 200 which is up 19.09% year to date.
Amcor follows other major Basic Materials sector earnings this month
On Wednesday, October 30, 2019, Champion Iron Ltd reported second quarter EPS of A$0.05 on revenue of A$177.06M, compared to forecasts of EPS of A$0.11 on revenue of A$217.07M.
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