Solvay Earnings miss, Revenue beats In Q4

  • Investing.com
Solvay Earnings miss, Revenue beats In Q4

Investing.com - Solvay (BR: SOLB ) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Solvay announced earnings per share of €0.95 on revenue of €2.21B. Analysts polled by Investing.com anticipated EPS of €1.51 on revenue of €2.13B.

Solvay shares are up 6.28% from the beginning of the year and are trading at €102.60 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 3.39% from the start of the year.

Solvay shares gained 4.29% in intra-day trade the report.

Solvay follows other major Basic Materials sector earnings this month

Solvay's report follows an earnings missed by Umicore on Thursday, February 11, 2021, who reported EPS of €0.16 on revenue of €10.74B, compared to forecasts EPS of €0.52 on revenue of €1,667M.

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