Investing.com - BASF reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
BASF announced earnings per share of €1.17 on revenue of €19.78B. Analysts polled by Investing.com anticipated EPS of €1.29 on revenue of €18.62B.
BASF shares are down 3% from the beginning of the year and are trading at €59.915 , down-from-52-week-high.They are outperforming the DAX which is down 9.05% from the start of the year.
BASF shares lost 1.88% in intra-day trade the report.
BASF follows other major Materials sector earnings this month
BASF's report follows an earnings beat by Linde PLC on February 10, who reported EPS of €2.42 on revenue of €7.24B, compared to forecasts EPS of €2.34 on revenue of €6.87B.
Heidelbergcement had missed expectations on Thursday with fourth quarter EPS of €1.91 on revenue of €4.56B, compared to forecast for EPS of €1.95 on revenue of €4.52B.
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