Investing.com - Tenaris ADR reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tenaris ADR announced earnings per share of $-0.06 on revenue of $1.01B. Analysts polled by Investing.com anticipated EPS of $-0.16 on revenue of $940.87M.
Tenaris ADR shares are down 54.77% from the beginning of the year and are trading at $10.50 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Tenaris ADR shares gained 2.54% in after-hours trade the report.
Tenaris ADR follows other major Capital Goods sector earnings this month
Tenaris ADR's report follows an earnings beat by ASML ADR on October 14, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Honeywell had beat expectations on Friday with third quarter EPS of $1.56 on revenue of $7.8B, compared to forecast for EPS of $1.49 on revenue of $7.66B.
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