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Tenaris ADR Earnings Miss, Revenue Beats In Q3

Published 11/04/2021, 02:23 AM
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Investing.com - Tenaris ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Tenaris ADR announced earnings per share of $0.28 on revenue of $1.75B. Analysts polled by Investing.com anticipated EPS of $0.3437 on revenue of $1.68B.

Tenaris ADR shares are up 30% from the beginning of the year, still down 6.26% from its 52 week high of $24.13 set on May 18. They are outperforming the STOXX 600 which is up 20.6% from the start of the year.

Tenaris ADR follows other major Capital Goods sector earnings this month

Tenaris ADR's report follows an earnings beat by ASML ADR on October 20, who reported EPS of $4.97 on revenue of $6.1B, compared to forecasts EPS of $4.61 on revenue of $6.19B.

Honeywell had beat expectations on October 22 with third quarter EPS of $2.02 on revenue of $8.47B, compared to forecast for EPS of $1.99 on revenue of $8.66B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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