Investing.com - POSCO reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
POSCO announced earnings per share of $2.88 on revenue of $14.43B. Analysts polled by Investing.com anticipated EPS of $2.8 on revenue of $14.47B.
POSCO shares are down 0% from the beginning of the year and are trading at $85.30 , down-from-52-week-high.They are under-performing the PSI 20 which is up 6.07% from the start of the year.
POSCO follows other major Basic Materials sector earnings this month
POSCO's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on April 27 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
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