Investing.com - Ranpak Holdings (NYSE:PACK) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ranpak Holdings announced earnings per share of $-0.11 on revenue of $77.80M. Analysts polled by Investing.com anticipated EPS of $-0.13 on revenue of $84.17M.
Ranpak Holdings shares are down 39.79% from the beginning of the year, still down 87.83% from its 52 week high of $42.97 set on November 18, 2021.
Ranpak Holdings follows other major Materials sector earnings this month
Ranpak Holdings'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.
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