Ternium (TX) reported Q1 adjusted earnings late Tuesday of $0.55 per American depositary share, down from $1.84 a year earlier.

One analyst polled by FactSet expected $0.58.

Net sales for the quarter ended March 31 were $3.93 billion, down from $4.78 billion a year earlier.

Analysts surveyed by FactSet expected $3.87 billion.

Shares of Ternium were up 3.1% in after-hours activity.