Investing.com - MRC Global (NYSE:MRC) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MRC Global announced earnings per share of $0.420 on revenue of $904M. Analysts polled by Investing.com anticipated EPS of $0.310 on revenue of $888.4M.
MRC Global shares are down 35% from the beginning of the year, still down 27.48% from its 52 week high of $13.44 set on April 20.
MRC Global shares gained 7.49% in after-hours trade following the report.
MRC Global follows other major Industrials sector earnings this month
MRC Global'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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