Investing.com - Gerdau ADR reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Gerdau ADR announced earnings per share of $0.343 on revenue of $3.96B. Analysts polled by Investing.com anticipated EPS of $0.324 on revenue of $4.18B.
Gerdau ADR shares are down 16.92% from the beginning of the year and are trading at $5.375 , down-from-52-week-high.
Gerdau ADR follows other major Materials sector earnings this month
Gerdau ADR's report follows an earnings missed by Air Liquide ADR on Tuesday, October 25, 2022, who reported EPS of $0.5852 on revenue of $8.21B, compared to forecasts EPS of $0.6056 on revenue of $7.25B.
Air Products had beat expectations on Thursday, November 3, 2022 with fourth quarter EPS of $2.89 on revenue of $3.57B, compared to forecast for EPS of $2.77 on revenue of $3.21B.
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