Investing.com - Sealed Air (NYSE:SEE) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sealed Air announced earnings per share of $0.78 on revenue of $1.27B. Analysts polled by Investing.com anticipated EPS of $0.7025 on revenue of $1.22B.
Sealed Air shares are up 9% from the beginning of the year, still down 1.14% from its 52 week high of $50.73 set on May 3. They are under-performing the S&P 500 which is up 11.62% from the start of the year.
Sealed Air follows other major Basic Materials sector earnings this month
Sealed Air's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on April 27 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
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