Krones AG earnings, Revenue beat in Q3

  • Investing.com
Krones AG earnings, Revenue beat in Q3
Credit: © Reuters.

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

Krones AG announced earnings per share of €0.94 on revenue of €922.9M. Analysts polled by Investing.com anticipated EPS of €0.7361 on revenue of €890M.

Krones AG shares are up 41.94% from the beginning of the year and are trading at €93.750 , down-from-52-week-high.They are outperforming 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 Evonik on Thursday, who reported EPS of €0.58 on revenue of €3.87B, compared to forecasts EPS of €0.546 on revenue of €3.51B.

Brenntag AG had missed expectations on Thursday with third quarter EPS of €1.02 on revenue of €3.74B, compared to forecast for EPS of €1.19 on revenue of €3.35B.

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