Investing.com - Vale ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vale ADR announced earnings per share of 1.46 on revenue of 16.68B. Analysts polled by Investing.com anticipated EPS of 1.47 on revenue of 16.85B.
Vale ADR shares are down 50% from the beginning of the year and are trading at 23.23 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 16.28% from the start of the year.
Vale ADR follows other major Materials sector earnings this month
Vale ADR's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of 2.65 on revenue of 5.38B, compared to forecasts EPS of 2.67 on revenue of 5.38B.
Ecolab had beat expectations on Tuesday with second quarter EPS of 1.22 on revenue of 3.16B, compared to forecast for EPS of 1.21 on revenue of 3.11B.
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