Investing.com - Vedanta Ltd reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Vedanta Ltd announced earnings per share of 0.6689 on revenue of 4.01B. Analysts polled by Investing.com anticipated EPS of 0.7038 on revenue of 3.91B.
Vedanta Ltd shares are down 13.69% from the beginning of the year and are trading at 15.70 , down-from-52-week-high.They are under-performing the Nifty 50 which is up 26.39% from the start of the year.
Vedanta Ltd shares lost 1.94% in intra-day trade the report.
Vedanta Ltd follows other major Basic Materials sector earnings this month
Vedanta Ltd's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of 2.09 on revenue of 5.15B, compared to forecasts EPS of 2.13 on revenue of 5.09B.
Vale ADR had missed expectations on Thursday with third quarter EPS of 1.23 on revenue of 14.38B, compared to forecast for EPS of 1.26 on revenue of 15.23B.
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