Investing.com - Ryerson Holding reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ryerson Holding announced earnings per share of $1.48 on revenue of $1.54B. Analysts polled by Investing.com anticipated EPS of $2.48 on revenue of $1.51B.
Ryerson Holding shares are down 32% from the beginning of the year , still down 28.31% from its 52 week high of $44.09 set on Thursday, April 21, 2022.
Ryerson Holding follows other major Materials sector earnings this month
Ryerson Holding's report follows an earnings beat by Sherwin-Williams on Tuesday, October 25, 2022, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Nutrien had missed expectations on Wednesday with third quarter EPS of $2.51 on revenue of $8.19B, compared to forecast for EPS of $4.1 on revenue of $8.97B.
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