Investing.com - Ternium ADR reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ternium ADR announced earnings per share of $2.11 on revenue of $2.58B. Analysts polled by Investing.com anticipated EPS of $1.02 on revenue of $2.38B.
Ternium ADR shares are up 10.18% from the beginning of the year, still down 5.54% from its 52 week high of $33.92 set on January 11. They are outperforming the EUR/USD which is down 0% from the start of the year.
Ternium ADR shares gained 3.03% in after-hours trade following the report.
Ternium ADR follows other major Basic Materials sector earnings this month
Ternium ADR's report follows an earnings beat by Sherwin-Williams on January 28, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Southern Copper had beat expectations on January 25 with fourth quarter EPS of $0.76 on revenue of $2.35B, compared to forecast for EPS of $0.7002 on revenue of $2.1B.
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