Investing.com - Johnson Matthey (LON:JMAT) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Johnson Matthey announced earnings per share of £0.76 on revenue of £7.44B. Analysts polled by Investing.com anticipated EPS of £99.05 on revenue of £2,074M.
Johnson Matthey shares are up 10% from the beginning of the year, still down 29.87% from its 52 week high of £3,231.00 set on June 16, 2021. They are outperforming the FTSE 100 which is up 2.44% from the start of the year.
Johnson Matthey follows other major Materials sector earnings this month
Johnson Matthey's report follows an earnings missed by Tata Steel DRC on May 3, who reported EPS of £1.04 on revenue of £9.06B, compared to forecasts EPS of £1.05 on revenue of £8.62B.
Fuchs Petrolub AG had beat expectations on April 29 with first quarter EPS of £0.48 on revenue of £808M, compared to forecast for EPS of £0.4512 on revenue of £793.5M.
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