Investing.com - Tenaris ADR reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tenaris ADR announced earnings per share of $0.63 on revenue of $2.06B. Analysts polled by Investing.com anticipated EPS of $0.4327 on revenue of $2.01B.
Tenaris ADR shares are down 4.48% from the beginning of the year and are trading at $26.82 , down-from-52-week-high.They are broadly in line with the BEL 20 which is down 4.73% from the start of the year.
Tenaris ADR follows other major Energy sector earnings this month
Tenaris ADR's report follows an earnings beat by Exxon Mobil on February 1, who reported EPS of $2.05 on revenue of $84.97B, compared to forecasts EPS of $1.94 on revenue of $85.01B.
Chevron had missed expectations on January 28 with fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecast for EPS of $3.13 on revenue of $45.34B.
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