Investing.com - Ternium ADR reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ternium ADR announced earnings per share of $5.08 on revenue of $4.33B. Analysts polled by Investing.com anticipated EPS of $5.02 on revenue of $4.63B.
Ternium ADR shares are down 0.46% from the beginning of the year, still down 23.81% from its 52 week high of $56.86 set on August 11, 2021. They are broadly in line with the EUR/USD which is down 0% from the start of the year.
Ternium ADR shares lost 2.47% in after-hours trade following the report.
Ternium ADR follows other major Materials sector earnings this month
Ternium ADR's report follows an earnings missed by Freeport-McMoran on January 26, who reported EPS of $0.96 on revenue of $6.16B, compared to forecasts EPS of $0.9703 on revenue of $6.44B.
Air Products had beat expectations on February 4 with first quarter EPS of $2.52 on revenue of $2.99B, compared to forecast for EPS of $2.5 on revenue of $2.74B.
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