Investing.com - Karat Packaging reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Karat Packaging announced earnings per share of $0.33 on revenue of $110M. Analysts polled by Investing.com anticipated EPS of $0.41 on revenue of $120.05M.
Karat Packaging shares are down 28.35% from the beginning of the year and are trading at $16.20 , down-from-52-week-high.
Karat Packaging follows other major Industrials sector earnings this month
Karat Packaging's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar