Krones AG Earnings, Revenue beat In Q1

  • Investing.com
Krones AG Earnings, Revenue beat In Q1

Investing.com - Krones AG reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Krones AG announced earnings per share of €1.24 on revenue of €942.0M. Analysts polled by Investing.com anticipated EPS of €1.1 on revenue of €938.75M. That with comparison to EPS of €1.15 on revenue of €983.5M in the same period a year before.Krones AG had reported EPS of €0.92 on revenue of €1.07B in the previous quarter.Analysts are expecting EPS of €0.32 and revenue of €855M in the upcoming quarter.

Krones AG shares are up 3% from the beginning of the year and are trading at €59.600 , down-from-52-week-high.They are outperforming the S&P Global (NYSE: SPGI ) 100 which is down 8.31% year to date.

Krones AG follows other major Basic Materials sector earnings this month

Krones AG's report follows an earnings beat by Covestro on Wednesday, who reported EPS of €0.11 on revenue of €2.78B, compared to forecasts EPS of €0.08 on revenue of €2.81B.

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