Investing.com - Northern Technologies reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Northern Technologies announced earnings per share of $0.08 on revenue of $20.25M. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $19.5M.
Northern Technologies shares are down 67% from the beginning of the year, still down 27.51% from its 52 week high of $17.26 set on November 17, 2021.
Northern Technologies shares lost 6.36% in intra-day trade following the report.
Northern Technologies follows other major Materials sector earnings this month
Northern Technologies'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 $0.5594 on revenue of $10.15B.
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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