Investing.com - Danimer Scientific reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Danimer Scientific announced earnings per share of $-0.94 on revenue of $10.45M. Analysts polled by Investing.com anticipated EPS of $-0.23 on revenue of $18.25M.
Danimer Scientific shares are down 48.09% from the beginning of the year and are trading at $2.45 , down-from-52-week-high.
Danimer Scientific follows other major Materials sector earnings this month
Danimer Scientific's report follows an earnings beat by Vale ADR on Thursday, October 27, 2022, who reported EPS of $0.98 on revenue of $9.93B, compared to forecasts EPS of $0.6671 on revenue of $10.74B.
Air Products had beat expectations on Thursday, November 3, 2022 with fourth quarter EPS of $2.89 on revenue of $3.57B, compared to forecast for EPS of $2.77 on revenue of $3.21B.
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