Investing.com - Vale ADR reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Vale ADR announced earnings per share of 1.19 on revenue of 12.65B. Analysts polled by Investing.com anticipated EPS of 1.06 on revenue of 13.04B.
Vale ADR shares are up 14% from the beginning of the year and are trading at 20.24 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% year to date.
Vale ADR follows other major Basic Materials sector earnings this month
Vale ADR's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of 2.06 on revenue of 4.66B, compared to forecasts EPS of 1.64 on revenue of 4.51B.
Freeport-McMoran had missed expectations on Thursday with first quarter EPS of 0.51 on revenue of 4.85B, compared to forecast for EPS of 0.512 on revenue of 4.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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