Investing.com - Krones AG reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Krones AG announced earnings per share of €0.94 on revenue of €922.9M. Analysts polled by Investing.com anticipated EPS of €0.7361 on revenue of €890M.
Krones AG shares are up 41.94% from the beginning of the year and are trading at €93.750 , 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 Evonik on Thursday, who reported EPS of €0.58 on revenue of €3.87B, compared to forecasts EPS of €0.546 on revenue of €3.51B.
Brenntag AG had missed expectations on Thursday with third quarter EPS of €1.02 on revenue of €3.74B, compared to forecast for EPS of €1.19 on revenue of €3.35B.
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