Investing.com - O-I Glass reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
O-I Glass announced earnings per share of $0.63 on revenue of $1.7B. Analysts polled by Investing.com anticipated EPS of $0.59 on revenue of $1.66B.
O-I Glass shares are down 58% from the beginning of the year and are trading at $16.44 , down-from-52-week-high.
O-I Glass shares gained 0.31% in after-hours trade following the report.
O-I Glass follows other major Materials sector earnings this month
O-I Glass's report follows an earnings beat by Sherwin-Williams on Tuesday, October 25, 2022, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on Thursday, October 20, 2022 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar