Investing.com - Euroseas (NASDAQ:ESEA) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Euroseas announced earnings per share of $3.50 on revenue of $45.96M. Analysts polled by Investing.com anticipated EPS of $3.37 on revenue of $45.29M.
Euroseas shares are down 45% from the beginning of the year, still down 41.67% from its 52 week high of $35.82 set on November 15, 2021.
Euroseas shares lost 1.97% in intra-day trade following the report.
Euroseas follows other major Industrials sector earnings this month
Euroseas's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.84 on revenue of $24.29B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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