Investing.com - Universal Stainless&Alloy reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Universal Stainless&Alloy announced earnings per share of $-0.14 on revenue of $46.20. Analysts polled by Investing.com anticipated EPS of $0.11 on revenue of $53.8M.
Universal Stainless&Alloy shares are down 3.58% from the beginning of the year, still down 38.38% from its 52 week high of $10.71 set on February 25.
Universal Stainless&Alloy follows other major Materials sector earnings this month
Universal Stainless&Alloy's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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