Investing.com - Tronox reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Tronox announced earnings per share of $0.69 on revenue of $895.00. Analysts polled by Investing.com anticipated EPS of $0.77 on revenue of $893.04M.
Tronox shares are up 102.69% from the beginning of the year , still down 50.02% from its 52 week high of $26.31 set on Tuesday, October 26, 2021.
Tronox shares lost 14.45% in after-hours trade the report.
Tronox follows other major Materials sector earnings this month
Tronox'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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