Investing.com - Sealed Air (NYSE:SEE) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sealed Air announced earnings per share of $0.77 on revenue of $1.41B. Analysts polled by Investing.com anticipated EPS of $0.966 on revenue of $1.42B.
Sealed Air shares are down 41.33% from the beginning of the year and are trading at $61.53 , down-from-52-week-high.They are under-performing the S&P 500 which is down 13.59% from the start of the year.
Sealed Air follows other major Materials sector earnings this month
Sealed Air's report follows an earnings missed by Sherwin-Williams on Wednesday, July 27, 2022, who reported EPS of $2.41 on revenue of $5.87B, compared to forecasts EPS of $2.77 on revenue of $6.03B.
Vale ADR had beat expectations on Thursday with second quarter EPS of $1.32 on revenue of $11.16B, compared to forecast for EPS of $0.8013 on revenue of $11.38B.
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