Investing.com - Tennant reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tennant announced earnings per share of $0.83 on revenue of $262.9M. Analysts polled by Investing.com anticipated EPS of $1.10 on revenue of $286.9M.
Tennant shares are down 13% from the beginning of the year, still down 31.30% from its 52 week high of $85.33 set on March 18.
Tennant follows other major Industrials sector earnings this month
Tennant's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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