Investing.com - Suzano Papel ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Suzano Papel ADR announced earnings per share of $-0.193 on revenue of $1.84B. Analysts polled by Investing.com anticipated EPS of $-0.2041 on revenue of $1.94B.
Suzano Papel ADR shares are down 3.84% from the beginning of the year and are trading at $8.75 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Suzano Papel ADR follows other major Materials sector earnings this month
Suzano Papel ADR's report follows an earnings missed by Anhui Conch Cement Co on Thursday, who reported EPS of $1.09 on revenue of $6.45B, compared to forecasts EPS of $1.45 on revenue of $7.14B.
Novozymes AS had beat expectations on Monday with third quarter EPS of $0.4691 on revenue of $586.14M, compared to forecast for EPS of $0.3942 on revenue of $574.58M.
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