Investing.com - Olympic Steel reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Olympic Steel announced earnings per share of $1.04 on revenue of $634M. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $616.28M.
Olympic Steel shares are down 12% from the beginning of the year, still down 36.98% from its 52 week high of $43.18 set on April 21.
Olympic Steel shares lost 0.96% in after-hours trade following the report.
Olympic Steel follows other major Materials sector earnings this month
Olympic Steel's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Sherwin-Williams had beat expectations on October 25 with third quarter EPS of $2.83 on revenue of $6.05B, compared to forecast for EPS of $2.59 on revenue of $5.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar