Krones AG Earnings miss, Revenue beats In Q4

  • Investing.com
Krones AG Earnings miss, Revenue beats In Q4

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

Krones AG announced earnings per share of €-0.9893 on revenue of €874M. Analysts polled by Investing.com anticipated EPS of €-0.3947 on revenue of €837.58M.

Krones AG shares are up 8.48% from the beginning of the year and are trading at €71.650 , down-from-52-week-high.They are outperforming 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 Covestro on Tuesday, who reported EPS of €1.66 on revenue of €3.01B, compared to forecasts EPS of €1.56 on revenue of €3B.

Thyssenkrupp AG had beat expectations on Wednesday, February 10, 2021 with first quarter EPS of €-0.23 on revenue of €7.32B, compared to forecast for EPS of €-0.335 on revenue of €7.95B.

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