Investing.com - Ecovyst reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ecovyst announced earnings per share of $0.16 on revenue of $232.5M. Analysts polled by Investing.com anticipated EPS of $0.24 on revenue of $226.33M.
Ecovyst shares are down 8.01% from the beginning of the year , still down 31.69% from its 52 week high of $13.79 set on Tuesday, November 9, 2021.
Ecovyst follows other major Materials sector earnings this month
Ecovyst'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.
Nutrien had missed expectations on Wednesday with third quarter EPS of $2.51 on revenue of $8.19B, compared to forecast for EPS of $4.1 on revenue of $8.97B.
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