Investing.com - Mueller Industries (NYSE:MLI) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Mueller Industries announced earnings per share of $2.74 on revenue of $944.80. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $1.03B.
Mueller Industries shares are up 1.26% from the beginning of the year, still down 14.59% from its 52 week high of $70.38 set on August 16.
Mueller Industries follows other major Industrials sector earnings this month
Mueller Industries's report follows an earnings missed by FedEx on September 15, who reported EPS of $3.44 on revenue of $23.2B, compared to forecasts EPS of $5.14 on revenue of $23.61B.
Cintas had beat expectations on September 28 with first quarter EPS of $3.39 on revenue of $2.17B, compared to forecast for EPS of $3.13 on revenue of $2.08B.
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