Investing.com - Tenaris ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tenaris ADR announced earnings per share of $0.85 on revenue of $2.37B. Analysts polled by Investing.com anticipated EPS of $0.6111 on revenue of $2.31B.
Tenaris ADR shares are up 42.76% from the beginning of the year and are trading at $30.46 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Tenaris ADR shares gained 2.28% in after-hours trade the report.
Tenaris ADR follows other major Energy sector earnings this month
Tenaris ADR's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.34 on revenue of $5.96B, compared to forecasts EPS of $0.3321 on revenue of $5.91B.
Valero Energy had beat expectations on Tuesday with first quarter EPS of $2.31 on revenue of $38.54B, compared to forecast for EPS of $1.67 on revenue of $30.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar