Solvay announced earnings per share of €2.41 on revenue of €2.7B. Analysts polled by Investing.com anticipated EPS of €1.7 on revenue of €2.61B.
Solvay shares are up 4% from the beginning of the year and are trading at €107.50 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 5.85% from the start of the year.
Solvay shares gained 2.04% in intra-day trade the report.
Solvay follows other major Materials sector earnings this month
Solvay's report follows an earnings beat by Umicore on Wednesday, February 16, 2022, who reported EPS of €2.56 on revenue of €24.05B, compared to forecasts EPS of €0.94 on revenue of €1,827M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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