Investing.com - Mativ Holdings reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Mativ Holdings announced earnings per share of $0.74 on revenue of $674.1M. Analysts polled by Investing.com anticipated EPS of $0.75 on revenue of $408.9M.
Mativ Holdings shares are up 86.39% from the beginning of the year, still down 34.39% from its 52 week high of $35.96 set on November 15, 2021.
Mativ Holdings follows other major Materials sector earnings this month
Mativ Holdings's report follows an earnings beat by Vale ADR on October 27, who reported EPS of $0.98 on revenue of $9.93B, compared to forecasts EPS of $0.6671 on revenue of $10.74B.
Air Products had beat expectations on November 3 with fourth quarter EPS of $2.89 on revenue of $3.57B, compared to forecast for EPS of $2.77 on revenue of $3.21B.
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