Investing.com - Vedanta (NYSE:VEDL) Ltd reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vedanta Ltd announced earnings per share of $0.6029 on revenue of $4.49B. Analysts polled by Investing.com anticipated EPS of $0.617 on revenue of $4.45B.
Vedanta Ltd shares are down 0% from the beginning of the year, still down 18.07% from its 52 week high of $20.14 set on October 18, 2021. They are broadly in line with the EUR/USD which is down 0% from the start of the year.
Vedanta Ltd follows other major Materials sector earnings this month
Vedanta Ltd's report follows an earnings missed by Sherwin-Williams on Thursday, who reported EPS of $1.34 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had beat expectations on Wednesday with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9519 on revenue of $6.48B.
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