Investing.com - Transcontinental (TSX:TCLa) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Transcontinental announced earnings per share of C$0.57 on revenue of C$747.8M. Analysts polled by Investing.com anticipated EPS of C$0.5056 on revenue of C$680.96M.
Transcontinental shares are down 15% from the beginning of the year and are trading at C$17.23 , down-from-52-week-high.They are under-performing the S&P/TSX which is down 9.27% from the start of the year.
Transcontinental shares gained 2.87% in intra-day trade following the report.
Transcontinental follows other major Materials sector earnings this month
Transcontinental's report follows an earnings beat by Franco-Nevada on Wednesday, August 10, 2022, who reported EPS of C$1.02 on revenue of C$352.3M (NYSE:MMM), compared to forecasts EPS of C$0.9834 on revenue of C$349.67M.
CCL Industries Inc had beat expectations on Wednesday, August 10, 2022 with second quarter EPS of C$0.94 on revenue of C$1.62B, compared to forecast for EPS of C$0.854 on revenue of C$1.55B.
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