K+S AG earnings miss, Revenue beats in Q1

  • Investing.com
K+S AG earnings miss, Revenue beats in Q1

Investing.com - K+S AG reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

K+S AG announced earnings per share of €0.13 on revenue of €1.09B. Analysts polled by Investing.com anticipated EPS of €0.15 on revenue of €1.07B. That with comparison to EPS of €0.57 on revenue of €1.26B in the same period a year before.K+S AG had reported EPS of €0.06 on revenue of €1.02B in the previous quarter.Analysts are expecting EPS of €-0.26 and revenue of €857M in the upcoming quarter.

K+S AG shares are down 51% from the beginning of the year and are trading at €5.350 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 18.46% year to date.

K+S AG follows other major Basic Materials sector earnings this month

K+S AG's report follows an earnings beat by BASF on Thursday, April 30, 2020, who reported EPS of €1.36 on revenue of €16.75B, compared to forecasts EPS of €1.19 on revenue of €15.15B.

Evonik had missed expectations on Thursday with first quarter EPS of €0.39 on revenue of €3.24B, compared to forecast for EPS of €0.41 on revenue of €3.24B.

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