Investing.com - Wacker Chemie reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Wacker Chemie announced earnings per share of €1.31 on revenue of €1.2B. Analysts polled by Investing.com anticipated EPS of €0.41 on revenue of €1.23B. That with comparison to EPS of €-0.16 on revenue of €1.24B in the same period a year before.Wacker Chemie had reported EPS of €-15.12 on revenue of €1.16B in the previous quarter.Analysts are expecting EPS of €-0.12 and revenue of €1.15B in the upcoming quarter.
Wacker Chemie shares are down 52% from the beginning of the year and are trading at €53.25 , down-from-52-week-high.They are under-performing the FTSE 100 which is down 23.59% year to date.
Wacker Chemie follows other major Basic Materials sector earnings this month
Wacker Chemie's report follows an earnings beat by BASF on Thursday, who reported EPS of €1.36 on revenue of €16.75B, compared to forecasts EPS of €1.2 on revenue of €15.2B.
Covestro had beat expectations on Wednesday with first quarter EPS of €0.11 on revenue of €2.78B, compared to forecast for EPS of €0.08 on revenue of €2.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar