Investing.com - Summit Materials Inc reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Summit Materials Inc announced earnings per share of $0.71 on revenue of $686M. Analysts polled by Investing.com EPS of $0.75 on revenue of $674.61M.
Summit Materials Inc 's are up 17.79% and is trading at $25.12 , still down 39.41% from its 52 week high of $41.46 set on Wednesday, January 5, 2022.
Summit Materials Inc follows other major Materials sector earnings this month
Summit Materials Inc's report follows an earnings beat by Sherwin-Williams on Tuesday, October 25, 2022, who reported EPS of $2.83 on revenue of $6.05B, EPS of $2.59 on revenue of $5.81B.
Nutrien had missed expectations on Wednesday with third quarter EPS of $2.51 on revenue of $8.19B, for EPS of $4.1 on revenue of $8.97B.
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