Investing.com - New Gold reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
New Gold announced earnings per share of $-0.0100 on revenue of $151.2M. Analysts polled by Investing.com anticipated EPS of $-0.0177 on revenue of $146.6M.
New Gold shares are up 6.41% from the beginning of the year , still down 55.27% from its 52 week high of $2.02 set on Thursday, February 17, 2022.
New Gold follows other major Materials sector earnings this month
New Gold's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Sherwin-Williams had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $2.83 on revenue of $6.05B, compared to forecast for EPS of $2.59 on revenue of $5.81B.
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