Investing.com - Valvoline (NYSE:VVV) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Valvoline announced earnings per share of $0.59 on revenue of $335.4M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $968.8M.
Valvoline shares are down 79% from the beginning of the year, still down 10.50% from its 52 week high of $37.97 set on January 4.
Valvoline shares gained 5.66% in intra-day trade following the report.
Valvoline follows other major Materials sector earnings this month
Valvoline's report follows an earnings missed by Air Liquide ADR on October 25, who reported EPS of $0.5852 on revenue of $8.21B, compared to forecasts EPS of $0.5954 on revenue of $7.46B.
Vale ADR had beat expectations on October 27 with third quarter EPS of $0.98 on revenue of $9.93B, compared to forecast for EPS of $0.5594 on revenue of $10.15B.
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