Investing.com - Sylvamo reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sylvamo announced earnings per share of $2.51 on revenue of $968M. Analysts polled by Investing.com anticipated EPS of $1.73 on revenue of $898M.
Sylvamo shares are down 24% from the beginning of the year and are trading at $42.72 , down-from-52-week-high.
Sylvamo shares gained 5.14% in pre-market trade following the report.
Sylvamo follows other major Materials sector earnings this month
Sylvamo's report follows an earnings beat by Air Products on Thursday, November 3, 2022, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Vale ADR had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $0.98 on revenue of $9.93B, compared to forecast for EPS of $0.6671 on revenue of $10.74B.
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