Investing.com - Ecolab (NYSE:ECL) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that was inline with forecasts.
The firm reported earnings per share of $1.30 on revenue of $3.67B. Analysts polled by Investing.com forecast EPS of $1.32 on revenue of $3.67B. .
Ecolab shares gained 2.27% to trade at $160.63 in pre-market trade following the report.
For the year, Ecolab shares are up 10.2%, outperforming the S&P 500 which is down 18.76% year to date.
Ecolab follows other major Materials sector earnings this month
On Tuesday, October 25, 2022, Sherwin-Williams reported third quarter EPS of $2.83 on revenue of $6.05B, compared to forecasts of EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran earnings missed analyst's expectations on Thursday, October 20, 2022, with third quarter EPS of $0.26 on revenue of $5B. Investing.com analysts expected EPS of $0.3167 on revenue of $5.37B
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