Investing.com - Redwire reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Redwire announced earnings per share of $-0.16 on revenue of $37.2M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $45M.
Redwire shares are down 48.09% from the beginning of the year , still down 79.29% from its 52 week high of $12.65 set on Tuesday, November 9, 2021.
Redwire follows other major Industrials sector earnings this month
Redwire's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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