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Investing.com - TriMas reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
TriMas announced earnings per share of $0.40 on revenue of $218.50. Analysts polled by Investing.com EPS of $0.63 on revenue of $245.84M.
TriMas 's are down 11% and is trading at $24.94 , still down 35.59% from its 52 week high of $38.72 set on Friday, November 12, 2021.
TriMas shares lost 12.80% to trade at $24.94 in intra-day trade the report.
TriMas follows other major Materials sector earnings this month
TriMas's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on Thursday, October 20, 2022 with third quarter EPS of $0.26 on revenue of $5B, for EPS of $0.3167 on revenue of $5.37B.
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