Investing.com - AdvanSix (NYSE:ASIX) reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
AdvanSix announced earnings per share of $0.43 on revenue of $479M. Analysts polled by Investing.com anticipated EPS of $1.00 on revenue of $512.57M.
AdvanSix shares are down 24.49% from the beginning of the year, still down 37.51% from its 52 week high of $57.10 set on March 18.
AdvanSix follows other major Materials sector earnings this month
AdvanSix's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Sherwin-Williams had beat expectations on October 25 with third quarter EPS of $2.83 on revenue of $6.05B, compared to forecast for EPS of $2.59 on revenue of $5.81B.
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