Investing.com - Akzo Nobel reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Akzo Nobel announced earnings per share of €0.87 on revenue of €2.21B. Analysts polled by Investing.com anticipated EPS of €1.03 on revenue of €2.23B.
Akzo Nobel shares are down 1% from the beginning of the year and are trading at €86.04 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is up 6.36% from the start of the year.
Akzo Nobel shares gained 0.19% in intra-day trade the report.
Akzo Nobel follows other major Basic Materials sector earnings this month
Akzo Nobel's report follows an earnings missed by Koninklijke DSM on Tuesday, who reported EPS of €0.98 on revenue of €2.08B, compared to forecasts EPS of €1.01 on revenue of €1.98B.
ArcelorMittal had beat expectations on February 11 with fourth quarter EPS of €0.8243 on revenue of €11.69B, compared to forecast for EPS of €-0.0064 on revenue of €13.09B.
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