Krones AG earnings miss, Revenue beats in Q3

  • Investing.com
Krones AG earnings miss, Revenue beats in Q3

Investing.com - Krones AG reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Krones AG announced earnings per share of €-0.16 on revenue of €725M. Analysts polled by Investing.com anticipated EPS of €-0.15 on revenue of €620M.

Krones AG shares are down 26.73% from the beginning of the year and are trading at €49.460 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.

Krones AG follows other major Basic Materials sector earnings this month

Krones AG'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.

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