Investing.com - Thyssenkrupp AG (DE:TKAG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Thyssenkrupp AG announced earnings per share of €-0.23 on revenue of €7.32B. Analysts polled by Investing.com anticipated EPS of €-0.335 on revenue of €7.95B.
Thyssenkrupp AG shares are up 30% from the beginning of the year and are trading at €10.640 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 3.13% from the start of the year.
Thyssenkrupp AG shares gained 7.04% in intra-day trade the report.
Thyssenkrupp AG follows other major Basic Materials sector earnings this month
Thyssenkrupp AG's report follows an earnings missed by Aurubis AG on Friday, who reported EPS of €1.32 on revenue of €3.46B, compared to forecasts EPS of €1.42 on revenue of €3.56B.
Stabilus had matched expectations on February 1 with first quarter EPS of €0.68 on revenue of €235.4M, compared to forecast for EPS of €0.68 on revenue of €235.4M.
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