Investing.com - POSCO reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
POSCO announced earnings per share of 4.52 on revenue of 15.91B. Analysts polled by Investing.com anticipated EPS of 3.33 on revenue of 15.48B.
POSCO shares are up 13.13% from the beginning of the year and are trading at 75.90 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
POSCO follows other major Basic Materials sector earnings this month
POSCO's report follows an earnings beat by Freeport-McMoran on Thursday, who reported EPS of 0.77 on revenue of 5.75B, compared to forecasts EPS of 0.7513 on revenue of 5.75B.
Newmont Goldcorp had beat expectations on Thursday with second quarter EPS of 0.83 on revenue of 3.07B, compared to forecast for EPS of 0.8078 on revenue of 3.14B.
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