Investing.com - KAR Auction Services reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
KAR Auction Services announced earnings per share of $0.09 on revenue of $393M. Analysts polled by Investing.com anticipated EPS of $0.12 on revenue of $402.56M.
KAR Auction Services shares are down 58% from the beginning of the year , still down 32.85% from its 52 week high of $22.10 set on Friday, February 25, 2022.
KAR Auction Services follows other major Industrials sector earnings this month
KAR Auction Services's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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