Investing.com - Matrix reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Matrix announced earnings per share of $-0.19 on revenue of $178.69M. Analysts polled by Investing.com anticipated EPS of $-0.305 on revenue of $181.84M.
Matrix shares are down 24% from the beginning of the year, still down 51.79% from its 52 week high of $11.76 set on November 8, 2021.
Matrix follows other major Industrials sector earnings this month
Matrix's report follows an earnings missed by Deere&Company on August 19, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
COSCO SHIPPING ADR had matched expectations on August 30 with second quarter EPS of $1.67 on revenue of $15.25B, compared to forecast for EPS of $1.67 on revenue of $15.26B.
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