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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 EPS of $1.73 on revenue of $898M.
Sylvamo 's are down 24% and is trading at $42.72 , still down 23.34% from its 52 week high of $53.00 set on Monday, June 6, 2022.
Sylvamo shares gained 5.14% to trade at $42.72 in pre-market trade 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, 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, for EPS of $0.6671 on revenue of $10.74B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar