Investing.com - Gerdau ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Gerdau ADR announced earnings per share of 0.4132 on revenue of 4.33B. Analysts polled by Investing.com anticipated EPS of 0.4442 on revenue of 4.21B.
Gerdau ADR shares are down 17.84% from the beginning of the year and are trading at 4.450 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Gerdau ADR follows other major Materials sector earnings this month
Gerdau ADR's report follows an earnings missed by Sherwin-Williams on July 27, who reported EPS of 2.41 on revenue of 5.87B, compared to forecasts EPS of 2.77 on revenue of 6.03B.
Vale ADR had beat expectations on July 28 with second quarter EPS of 1.32 on revenue of 11.16B, compared to forecast for EPS of 0.8013 on revenue of 11.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar