Investing.com - Tenaris ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tenaris ADR announced earnings per share of $0.25 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $0.1634 on revenue of $1.37B.
Tenaris ADR shares are up 24.45% from the beginning of the year, still down 17.74% from its 52 week high of $24.13 set on May 18. They are outperforming the EUR/USD which is down 0% from the start of the year.
Tenaris ADR shares gained 1.26% in after-hours trade following the report.
Tenaris ADR follows other major Energy sector earnings this month
Tenaris ADR's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $1.1 on revenue of $67.74B, compared to forecasts EPS of $1.01 on revenue of $64.64B.
Chevron had beat expectations on Friday with second quarter EPS of $1.71 on revenue of $37.6B, compared to forecast for EPS of $1.59 on revenue of $36.33B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar