Investing.com - Grindrod Shipping reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Grindrod Shipping announced earnings per share of $1.44 on revenue of $107.2M. Analysts polled by Investing.com anticipated EPS of $1.83 on revenue of $106.23M.
Grindrod Shipping shares are up 43% from the beginning of the year and are trading at $25.85 , down-from-52-week-high.
Grindrod Shipping shares lost 0.08% in after-hours trade after the report.
Grindrod Shipping follows other major Industrials sector earnings this month
Grindrod Shipping'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, compared to forecasts EPS of $2.84 on revenue of $24.29B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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