Investing.com - Matthews reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Matthews announced earnings per share of $0.82 on revenue of $457.1M. Analysts polled by Investing.com anticipated EPS of $0.75 on revenue of $419.2M.
Matthews shares are down 23% from the beginning of the year and are trading at $27.91 , down-from-52-week-high.
Matthews follows other major Industrials sector earnings this month
Matthews'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 $2.84 on revenue of $24.29B.
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.
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