Materion Corp. (MTRN) announced Monday morning that third quarter EPS is expected to come in at $0.20. The consensus estimate is for EPS of $0.39. Meanwhile, fourth quarter EPS is expected to exceed $0.43. The consensus estimate is for EPS of $0.57.
Materion gapped open sharply lower Monday and declined during the first 2 hours of trade. The stock finished with a loss of 3.52 at $28.80 on the highest volume in 9 months. Materion dropped to over a 2-month low and fell below its 50 and 200-day moving averages.
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