Krones AG Earnings miss, Revenue beats In Q3

  • Investing.com
Krones AG Earnings miss, Revenue beats In Q3
Credit: © Reuters.

Investing.com - Krones AG reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Krones AG announced earnings per share of €-0.16 on revenue of €725M. Analysts polled by Investing.com anticipated EPS of €-0.15 on revenue of €620M.

Krones AG shares are down 26.73% from the beginning of the year and are trading at €49.460 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% 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 €0.6 on revenue of €13.81B, compared to forecasts EPS of €0.4 on revenue of €13.44B.

Covestro had beat expectations on Tuesday with third quarter EPS of €0.98 on revenue of €2.76B, compared to forecast for EPS of €0.63 on revenue of €2.79B.

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