Wacker Chemie Earnings, Revenue beat In Q2
Investing.com - Wacker Chemie reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Wacker Chemie announced earnings per share of €1.31 on revenue of €2.27B. Analysts polled by Investing.com anticipated EPS of €-0.41 on revenue of €1.09B.
Wacker Chemie shares are down 48% from the beginning of the year and are trading at €77.38 , down-from-52-week-high.They are under-performing the CAC 40 which is down 18.82% 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 €0.25 on revenue of €12.68B, compared to forecasts EPS of €-0.06 on revenue of €12.17B.
Covestro had beat expectations on Thursday, July 23, 2020 with second quarter EPS of €-0.28 on revenue of €2.16B, compared to forecast for EPS of €-0.45 on revenue of €2.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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