Investing.com - Ternium ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ternium ADR announced earnings per share of $3.95 on revenue of $4.3B. Analysts polled by Investing.com anticipated EPS of $3.27 on revenue of $4.29B.
Ternium ADR shares are down 7.97% from the beginning of the year, still down 29.56% from its 52 week high of $56.86 set on August 11, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Ternium ADR shares gained 3.62% in after-hours trade following the report.
Ternium ADR follows other major Materials sector earnings this month
Ternium ADR's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $1.61 on revenue of $5B, compared to forecasts EPS of $1.54 on revenue of $4.91B.
Freeport-McMoran had beat expectations on Thursday with first quarter EPS of $1.07 on revenue of $6.6B, compared to forecast for EPS of $0.9308 on revenue of $6.44B.
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