Investing.com - Suzano Papel ADR reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Suzano Papel ADR announced earnings per share of $0.617 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $0.6105 on revenue of $1.45B.
Suzano Papel ADR shares are up 13.86% from the beginning of the year, still down 0.47% from its 52 week high of $12.79 set on February 10. They are outperforming the EUR/USD which is down 0% 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 Ping An Insurance Company of China on February 3, who reported EPS of $0.63 on revenue of $26.15B, compared to forecasts EPS of $0.5355 on revenue of $24.08B.
SoftBank Group had beat expectations on Monday with fourth quarter EPS of $2.97 on revenue of $14.41B, compared to forecast for EPS of $0.0466 on revenue of $13.57B.
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