Investing.com - Shyft Group Inc reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Shyft Group Inc announced earnings per share of $0.49 on revenue of $286.10. Analysts polled by Investing.com anticipated EPS of $0.46 on revenue of $289.35M.
Shyft Group Inc shares are down 47.31% from the beginning of the year, still down 58.31% from its 52 week high of $54.50 set on November 18, 2021.
Shyft Group Inc follows other major Industrials sector earnings this month
Shyft Group Inc's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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