Wacker Chemie Earnings beat, Revenue misses In Q3
Investing.com - Wacker Chemie reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Wacker Chemie announced earnings per share of €1.24 on revenue of €1.18B. Analysts polled by Investing.com anticipated EPS of €0.77 on revenue of €1.21B.
Wacker Chemie shares are down 48% from the beginning of the year and are trading at €82.51 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 26.61% from the start of the year.
Wacker Chemie follows other major Basic Materials sector earnings this month
Wacker Chemie's report follows an earnings beat by BASF on Wednesday, who reported EPS of €0.6 on revenue of €13.81B, compared to forecasts EPS of €0.4 on revenue of €13.44B.
Covestro had beat expectations on Tuesday with third quarter EPS of €0.98 on revenue of €2.76B, compared to forecast for EPS of €0.63 on revenue of €2.79B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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