Investing.com - Vedanta Ltd reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vedanta Ltd announced earnings per share of 6.05 on revenue of 225B. Analysts polled by Investing.com anticipated EPS of 0.3506 on revenue of 3.03B.
Vedanta Ltd shares are up 3.99% from the beginning of the year and are trading at 9.13 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Vedanta Ltd follows other major Basic Materials sector earnings this month
Vedanta Ltd's report follows an earnings beat by Sherwin-Williams on Thursday, who reported EPS of 5.09 on revenue of 4.49B, compared to forecasts EPS of 4.85 on revenue of 4.34B.
Southern Copper had beat expectations on Monday with fourth quarter EPS of 0.76 on revenue of 2.35B, compared to forecast for EPS of 0.7088 on revenue of 2.03B.
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