Investing.com - Suzano Papel ADR reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Suzano Papel ADR announced earnings per share of $-0.5358 on revenue of $1.7B. Analysts polled by Investing.com anticipated EPS of $-0.3946 on revenue of $1.62B.
Suzano Papel ADR shares are down 5% from the beginning of the year, still down 11.04% from its 52 week high of $14.44 set on February 22. They are under-performing the WIG30 which is up 7.42% from the start of the year.
Suzano Papel ADR follows other major sector earnings this month
Suzano Papel ADR's report follows an earnings beat by Industrial Commercial Bank of China on April 29, who reported EPS of $0.7417 on revenue of $33.09B, compared to forecasts EPS of $0.6343 on revenue of $34.72B.
L’Oreal ADR had matched expectations on April 15 with first quarter EPS of $1.03 on revenue of $9.12B, compared to forecast for EPS of $1.03 on revenue of $9.23B.
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