Investing.com - Karat Packaging reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Karat Packaging announced earnings per share of $0.33 on revenue of $110M. Analysts polled by Investing.com EPS of $0.41 on revenue of $120.05M.
Karat Packaging 's are down 28.35% and is trading at $16.20 , still down 32.19% from its 52 week high of $23.89 set on Thursday, November 11, 2021.
Karat Packaging follows other major Industrials sector earnings this month
Karat Packaging's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, for EPS of $2.16 on revenue of $8.99B.
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