Investing.com - Silgans reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Silgans announced earnings per share of $1.27 on revenue of $1.97. Analysts polled by Investing.com anticipated EPS of $1.23 on revenue of $1.85B.
Silgans shares are up 3% from the beginning of the year , still down 7.55% from its 52 week high of $48.61 set on Monday, September 12, 2022.
Silgans follows other major Materials sector earnings this month
Silgans's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on Thursday, October 20, 2022 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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