Investing.com - Altri reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Altri announced earnings per share of €0.23 on revenue of €248M. Analysts polled by Investing.com anticipated EPS of €0.19 on revenue of €249M.
Altri shares are up 4% from the beginning of the year, still down 20.82% from its 52 week high of €6.80 set on March 31. They are under-performing the PSI 20 which is up 12.32% from the start of the year.
Altri follows other major Materials sector earnings this month
Altri's report follows an earnings beat by The Navigator on October 28, who reported EPS of €0.07 on revenue of €408M, compared to forecasts EPS of €0.06 on revenue of €391.33M.
Corticeira Amorim had matched expectations on November 4 with third quarter EPS of €0.14 on revenue of €203.8M, compared to forecast for EPS of €0.14 on revenue of €203.8M.
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