Investing.com - Tenaris ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tenaris ADR announced earnings per share of $0.25 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $0.1634 on revenue of $1.37B.
Tenaris ADR shares are up 24.45% from the beginning of the year and are trading at $20.10 , 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 1.26% 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 Exxon Mobil on Friday, who reported EPS of $1.1 on revenue of $67.74B, compared to forecasts EPS of $1.01 on revenue of $64.64B.
Chevron had beat expectations on Friday with second quarter EPS of $1.71 on revenue of $37.6B, compared to forecast for EPS of $1.59 on revenue of $36.33B.
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