Investing.com - Mercer Int reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mercer Int announced earnings per share of $1.00 on revenue of $532.80. Analysts polled by Investing.com anticipated EPS of $0.82 on revenue of $481.1M.
Mercer Int shares are down 18% from the beginning of the year, still down 16.51% from its 52 week high of $17.50 set on August 15.
Mercer Int shares gained 1.57% in after-hours trade following the report.
Mercer Int follows other major Materials sector earnings this month
Mercer Int's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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