Investing.com - Loop Industries reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Loop Industries announced earnings per share of $-0.16 on revenue of $135.40. Analysts polled by Investing.com anticipated EPS of $-0.22 on revenue of $87.67K.
Loop Industries shares are down 7.17% from the beginning of the year , still down 76.81% from its 52 week high of $17.94 set on Wednesday, November 3, 2021.
Loop Industries follows other major Materials sector earnings this month
Loop Industries's report follows an earnings beat by PPG Industries on Thursday, July 21, 2022, who reported EPS of $1.81 on revenue of $4.69B, compared to forecasts EPS of $1.73 on revenue of $4.67B.
RPM had beat expectations on Wednesday, October 5, 2022 with first quarter EPS of $1.47 on revenue of $1.93B, compared to forecast for EPS of $1.33 on revenue of $1.89B.
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