Investing.com - POSCO (NYSE:PKX) reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
POSCO announced earnings per share of 3.53 on revenue of 17.7B. Analysts polled by Investing.com anticipated EPS of 3.55 on revenue of 17.01B.
POSCO shares are up 19% from the beginning of the year, still down 40.15% from its 52 week high of 92.19 set on May 10, 2021. They are outperforming the IBEX 35 which is down 1.19% from the start of the year.
POSCO follows other major Materials sector earnings this month
POSCO's report follows an earnings missed by Sherwin-Williams on January 14, who reported EPS of 1.34 on revenue of 4.76B, compared to forecasts EPS of 1.68 on revenue of 4.76B.
Freeport-McMoran had missed expectations on Wednesday 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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