Investing.com - Intrepid Potash (NYSE:IPI) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Intrepid Potash announced earnings per share of $0.97 on revenue of $74.8M. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $81.48M.
Intrepid Potash shares are down 32% from the beginning of the year, still down 64.62% from its 52 week high of $121.72 set on April 18.
Intrepid Potash follows other major Materials sector earnings this month
Intrepid Potash's report follows an earnings beat by Sherwin-Williams on October 25, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Nutrien had missed expectations on Wednesday with third quarter EPS of $2.51 on revenue of $8.19B, compared to forecast for EPS of $4.1 on revenue of $8.97B.
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