Investing.com - Graphic Packaging reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Graphic Packaging announced earnings per share of $0.67 on revenue of $2.45. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $2.32B.
Graphic Packaging shares are up 72.04% from the beginning of the year , still down 10.62% from its 52 week high of $24.07 set on Monday, September 12, 2022.
Graphic Packaging follows other major Materials sector earnings this month
Graphic Packaging's report follows an earnings missed by Freeport-McMoran on Thursday, who reported EPS of $0.26 on revenue of $5B, compared to forecasts EPS of $0.3167 on revenue of $5.37B.
Nucor had missed expectations on Thursday with third quarter EPS of $6.5 on revenue of $10.5B, compared to forecast for EPS of $6.77 on revenue of $10.03B.
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