Investing.com - Major Drilling reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Major Drilling announced earnings per share of C$0.29 on revenue of C$199.84M. Analysts polled by Investing.com anticipated EPS of C$0.272 on revenue of C$189.79M.
Major Drilling shares are up 4.96% from the beginning of the year , still down 32.58% from its 52 week high of C$12.86 set on Wednesday, April 20, 2022. They are outperforming the EUR/USD which is down 0% year to date.
Major Drilling follows other major Materials sector earnings this month
Major Drilling's report follows an earnings beat by Franco-Nevada on Wednesday, August 10, 2022, who reported EPS of C$1.02 on revenue of C$352.3M, compared to forecasts EPS of C$0.9834 on revenue of C$349.67M.
CCL Industries had beat expectations on Wednesday, August 10, 2022 with second quarter EPS of C$0.94 on revenue of C$1.62B, compared to forecast for EPS of C$0.854 on revenue of C$1.55B.
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