Investing.com - Tenaris ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Tenaris ADR announced earnings per share of $0.18 on revenue of $1.18B. Analysts polled by Investing.com anticipated EPS of $0.0636 on revenue of $1.19B.
Tenaris ADR shares are up 19.79% from the beginning of the year, still down 4.87% from its 52 week high of $23.81 set on March 12. They are outperforming the EUR/USD which is down 0% from the start of the year.
Tenaris ADR follows other major Capital Goods sector earnings this month
Tenaris ADR's report follows an earnings beat by ASML ADR on April 21, who reported EPS of $3.86 on revenue of $5.25B, compared to forecasts EPS of $3.07 on revenue of $4.81B.
Honeywell had beat expectations on Friday with first quarter EPS of $1.92 on revenue of $8.45B, compared to forecast for EPS of $1.8 on revenue of $8.08B.
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