Investing.com - Gerdau ADR reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Gerdau ADR announced earnings per share of $0.343 on revenue of $3.96B. Analysts polled by Investing.com anticipated EPS of $0.324 on revenue of $4.18B.
Gerdau ADR shares are down 16.92% from the beginning of the year, still down 18.81% from its 52 week high of $6.62 set on April 4.
Gerdau ADR follows other major Materials sector earnings this month
Gerdau ADR's report follows an earnings missed by Air Liquide ADR on October 25, who reported EPS of $0.5852 on revenue of $8.21B, compared to forecasts EPS of $0.6056 on revenue of $7.25B.
Air Products had beat expectations on November 3 with fourth quarter EPS of $2.89 on revenue of $3.57B, compared to forecast for EPS of $2.77 on revenue of $3.21B.
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