Investing.com - Olympic Steel reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Olympic Steel announced earnings per share of $1.04 on revenue of $634M. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $616.28M.
Olympic Steel shares are down 12% from the beginning of the year , still down 36.98% from its 52 week high of $43.18 set on Thursday, April 21, 2022.
Olympic Steel shares lost 0.96% in after-hours trade the report.
Olympic Steel follows other major Materials sector earnings this month
Olympic Steel'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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