Investing.com - Ecolab (NYSE:ECL) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.42 on revenue of $3.76B. Analysts polled by Investing.com anticipated EPS of $1.41 on revenue of $3.79B. That compared to EPS of $1.27 on revenue of $3.69B in the same period a year earlier. The company had reported EPS of $1.03 on revenue of $3.51B in the previous quarter.
Ecolab shares lost 0.32% to trade at $200.00 in pre-market trade following the report.
For the year, Ecolab shares are up 36.17%, outperforming the S&P 500 which is up 21.96% year to date.
Ecolab follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, Procter&Gamble reported fourth quarter EPS of $1.1 on revenue of $17.09B, compared to forecasts of EPS of $1.05 on revenue of $16.86B.
Coca-Cola earnings beat analyst's expectations on Tuesday, July 23, 2019, with second quarter EPS of $0.63 on revenue of $10B. Investing.com analysts expected EPS of $0.61 on revenue of $9.88B
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