Investing.com - National Steel reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
National Steel announced earnings per share of R$0.17 on revenue of R$1.55B. Analysts polled by Investing.com anticipated EPS of R$0.24 on revenue of R$1.45B.
National Steel shares are up 0.29% from the beginning of the year, still down 8.47% from its 52 week high of R$3.78 set on January 23. They are broadly in line with the EUR/USD which is down 0% from the start of the year.
National Steel follows other major Basic Materials sector earnings this month
National Steel's report follows an earnings beat by Royal Gold on Tuesday, who reported EPS of R$0.82 on revenue of R$149.42M, compared to forecasts EPS of R$0.8 on revenue of R$149.6M.
Hecla Mining had beat expectations on October 9 with third quarter EPS of R$0.04 on revenue of R$190M, compared to forecast for EPS of R$0.03 on revenue of R$183.18M.
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