Investing.com - Karat Packaging (NYSE:PKG) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Karat Packaging announced earnings per share of $0.33 on revenue of $110M. Analysts polled by Investing.com anticipated EPS of $0.41 on revenue of $120.05M.
Karat Packaging shares are down 28.35% from the beginning of the year, still down 32.19% from its 52 week high of $23.89 set on November 11, 2021.
Karat Packaging follows other major Industrials sector earnings this month
Karat Packaging'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 $2.86 on revenue of $24.4B.
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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