National Steel earnings miss, Revenue beats in Q3

National Steel earnings miss, Revenue beats in Q3 - National Steel reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

National Steel announced earnings per share of R$0.17 on revenue of R$1.55B. Analysts polled by anticipated EPS of R$0.24 on revenue of R$1.45B.

National Steel shares are up 0.29% from the beginning of the year and are trading at R$3.46 , down-from-52-week-high.They are broadly in line with the EUR/USD which is down 0% year to date.

National Steel follows other major Basic Materials sector earnings this month

National Steel's report follows an earnings beat by Royal Gold on Tuesday, who reported EPS of R$0.82 on revenue of R$149.42M, compared to forecasts EPS of R$0.8 on revenue of R$149.6M.

Hecla Mining had beat expectations on Friday, October 9, 2020 with third quarter EPS of R$0.04 on revenue of R$190M, compared to forecast for EPS of R$0.03 on revenue of R$183.18M.

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