Investing.com - Arkema reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arkema announced earnings per share of €2.07 on revenue of €2.23B. Analysts polled by Investing.com anticipated EPS of €1.69 on revenue of €2.21B.
Arkema shares are up 36% from the beginning of the year and are trading at €108.80 , down-from-52-week-high.They are outperforming the AEX which is up 14% from the start of the year.
Arkema shares gained 2.54% in intra-day trade the report.
Arkema follows other major Basic Materials sector earnings this month
Arkema's report follows an earnings matched by Air Liquide on April 23, who reported EPS of €2.82 on revenue of €5.33B, compared to forecasts EPS of €2.82 on revenue of €5.26B.
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