Lanxess AG Earnings beat, Revenue misses In Q1

  • Investing.com
Lanxess AG Earnings beat, Revenue misses In Q1

Investing.com - Lanxess AG (DE: LXSG ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Lanxess AG announced earnings per share of €0.82 on revenue of €1.50B. Analysts polled by Investing.com anticipated EPS of €0.5333 on revenue of €1.52B.

Lanxess AG shares are up 1% from the beginning of the year and are trading at €63.985 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 6.3% from the start of the year.

Lanxess AG follows other major Basic Materials sector earnings this month

Lanxess AG's report follows an earnings beat by BASF on Friday, February 26, 2021, who reported EPS of €1.1 on revenue of €15.91B, compared to forecasts EPS of €0.7914 on revenue of €15.14B.

Henkel VZO had beat expectations on Wednesday, March 3, 2021 with first quarter EPS of €0.8736 on revenue of €4.77B, compared to forecast for EPS of €0.8214 on revenue of €4.71B.

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