Krones AG Earnings beat, Revenue misses In Q2

  • Investing.com
Krones AG Earnings beat, Revenue misses In Q2

Investing.com - Krones AG reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Krones AG announced earnings per share of €1.24 on revenue of €756.6M. Analysts polled by Investing.com anticipated EPS of €-0.1 on revenue of €760.67M.

Krones AG shares are down 30% from the beginning of the year and are trading at €50.500 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.54% from the start of the year.

Krones AG follows other major Basic Materials sector earnings this month

Krones AG's report follows an earnings beat by BASF on Wednesday, who reported EPS of €0.25 on revenue of €12.68B, compared to forecasts EPS of €-0.06 on revenue of €12.17B.

Covestro had beat expectations on Thursday, July 23, 2020 with second quarter EPS of €-0.28 on revenue of €2.16B, compared to forecast for EPS of €-0.45 on revenue of €2.22B.

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