Investing.com - Global Industrial Co reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Global Industrial Co announced earnings per share of $0.53 on revenue of $298.5M. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $306.57M.
Global Industrial Co shares are down 24.3% from the beginning of the year and are trading at $30.96 , down-from-52-week-high.
Global Industrial Co follows other major Industrials sector earnings this month
Global Industrial Co's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, 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 Tuesday, October 25, 2022 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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