Investing.com - Vedanta Ltd reported on Saturday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vedanta Ltd announced earnings per share of 0.28 on revenue of 2.55B. Analysts polled by Investing.com anticipated EPS of 0.19 on revenue of 2.48B. That with comparison to EPS of 0.41 on revenue of 3.33B in the same period a year before.Vedanta Ltd had reported EPS of 0.34 on revenue of 2.96B in the previous quarter.
Vedanta Ltd shares are down 34.53% from the beginning of the year and are trading at 5.65 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Vedanta Ltd follows other major Basic Materials sector earnings this month
Vedanta Ltd's report follows an earnings missed by Vale ADR on Saturday, May 9, 2020, who reported EPS of 0.05 on revenue of 6.97B, compared to forecasts EPS of 0.11 on revenue of 7.15B.
Amcor PLC had missed expectations on Monday, May 11, 2020 with first quarter EPS of 0.11 on revenue of 3.14B, compared to forecast for EPS of 0.16 on revenue of 3.11B.
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