Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Investing.com - Howmet reported on Monday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Howmet announced earnings per share of $0.36 on revenue of $1.43B. Analysts polled by Investing.com EPS of $0.36 on revenue of $1.45B.
Howmet 's are up 13% and is trading at $36.17 , still down 7.24% from its 52 week high of $38.99 set on Monday, August 15, 2022.
Howmet follows other major Industrials sector earnings this month
Howmet's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.2B, EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $17B, for EPS of $1.14 on revenue of $17.31B.
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