Investing.com - AngloGold Ashanti ADR reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
AngloGold Ashanti ADR announced earnings per share of $0.33 on revenue of $953M. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $988M.
AngloGold Ashanti ADR shares are down 1.06% from the beginning of the year, still down 28.24% from its 52 week high of $26.77 set on May 19, 2021. They are outperforming the S&P/ASX 200 which is down 4.84% from the start of the year.
AngloGold Ashanti ADR follows other major Materials sector earnings this month
AngloGold Ashanti ADR's report follows an earnings missed by Sherwin-Williams on January 14, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had missed expectations on January 26 with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9703 on revenue of $6.44B.
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