Investing.com - K&S AG reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
K&S AG announced earnings per share of 1.47 on revenue of 733.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of 0.0974 on revenue of 717.25M.
K&S AG shares are up 30% from the beginning of the year and are trading at 10.342 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 9.42% from the start of the year.
K&S AG follows other major Basic Materials sector earnings this month
K&S AG's report follows an earnings beat by BASF on April 28, who reported EPS of 2 on revenue of 19.4B, compared to forecasts EPS of 1.98 on revenue of 17.27B.
Henkel VZO had beat expectations on May 6 with first quarter EPS of 1.27 on revenue of 4.97B, compared to forecast for EPS of 1.25 on revenue of 4.86B.
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