Venator Materials reports Q3 EPS (33c), consensus (2c)

Reports Q3 revenue $506M, consensus $565.71M. Simon Turner, president and CEO of Venator, commented: "Throughout the third quarter, macro-economic uncertainty increased. While earnings from our Performance Additives segment were more resilient, we experienced a 25% decline in sales volumes for our Titanium Dioxide products compared to the second quarter. The decline occurred primarily in Europe and APAC and accelerated throughout the quarter, primarily as a result of low consumer confidence and China’s zero-COVID policy."