Investing.com - Suzano Papel ADR reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Suzano Papel ADR announced earnings per share of $-0.2038 on revenue of $2.17B. Analysts polled by Investing.com anticipated EPS of $-0.1859 on revenue of $2.12B.
Suzano Papel ADR shares are down 16.94% from the beginning of the year and are trading at $8.97 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Suzano Papel ADR follows other major Materials sector earnings this month
Suzano Papel ADR's report follows an earnings missed by Sherwin-Williams on Wednesday, who reported EPS of $2.41 on revenue of $5.87B, compared to forecasts EPS of $2.77 on revenue of $6.03B.
Ecolab had matched expectations on Tuesday with second quarter EPS of $1.1 on revenue of $3.58B, compared to forecast for EPS of $1.1 on revenue of $3.49B.
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