Investing.com - Gerdau ADR reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Gerdau ADR announced earnings per share of 0.0955 on revenue of 2.51B. Analysts polled by Investing.com anticipated EPS of 0.0688 on revenue of 2.24B.
Gerdau ADR shares are up 6.21% from the beginning of the year, still down 9.16% from its 52 week high of 5.46 set on January 8. They are outperforming the EUR/USD which is down 0% from the start of the year.
Gerdau ADR follows other major Basic Materials sector earnings this month
Gerdau ADR's report follows an earnings beat by Sherwin-Williams on January 28, who reported EPS of 5.09 on revenue of 4.49B, compared to forecasts EPS of 4.85 on revenue of 4.34B.
Air Products had missed expectations on February 4 with first quarter EPS of 2.12 on revenue of 2.38B, compared to forecast for EPS of 2.18 on revenue of 2.35B.
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