Investing.com - Suzano Papel ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Suzano Papel ADR announced earnings per share of $1.66 on revenue of $1.93B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $2.08B.
Suzano Papel ADR shares are down 1.85% from the beginning of the year, still down 20.66% from its 52 week high of $13.36 set on May 13, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Suzano Papel ADR follows other major Materials sector earnings this month
Suzano Papel ADR's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $0.93 on revenue of $10.81B, compared to forecasts EPS of $0.838 on revenue of $11.66B.
Sherwin-Williams had beat expectations on April 26 with first quarter EPS of $1.61 on revenue of $5B, compared to forecast for EPS of $1.54 on revenue of $4.91B.
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