Investing.com - Vale ADR reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vale ADR announced earnings per share of 1.22 on revenue of 14.38B. Analysts polled by Investing.com anticipated EPS of 1.26 on revenue of 15.23B.
Vale ADR shares are up 30% from the beginning of the year, still down 43.04% from its 52 week high of 23.17 set on June 25. They are outperforming the OMX Helsinki 25 which is up 17.68% from the start of the year.
Vale ADR follows other major Basic Materials sector earnings this month
Vale ADR's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of 2.09 on revenue of 5.15B, compared to forecasts EPS of 2.13 on revenue of 5.09B.
BASF ADR had beat expectations on Wednesday with third quarter EPS of 0.4522 on revenue of 22.81B, compared to forecast for EPS of 0.4387 on revenue of 20.64B.
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