Investing.com - Vale ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Vale ADR announced earnings per share of 1.32 on revenue of 11.16B. Analysts polled by Investing.com anticipated EPS of 0.8837 on revenue of 11.91B.
Vale ADR shares are down 24% from the beginning of the year and are trading at 13.66 , down-from-52-week-high.They are under-performing the Nasdaq which is down 22.26% from the start of the year.
Vale ADR follows other major Materials sector earnings this month
Vale ADR's report follows an earnings beat by Air Liquide ADR on Thursday, who reported EPS of 0.5406 on revenue of 7.43B, compared to forecasts EPS of 0.5306 on revenue of 7.3B.
Sherwin-Williams had missed expectations on Wednesday with second quarter EPS of 2.41 on revenue of 5.87B, compared to forecast for EPS of 2.77 on revenue of 6.03B.
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