K+S AG earnings, Revenue miss in Q3

  • Investing.com
K+S AG earnings, Revenue miss in Q3
Credit: © Reuters.

Investing.com - K+S AG reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

K+S AG announced earnings per share of €-10.26 on revenue of €821.7M. Analysts polled by Investing.com anticipated EPS of €-0.3 on revenue of €842.5M.

K+S AG shares are up 3% from the beginning of the year and are trading at €6.152 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is down 8.46% 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 Wednesday, October 28, 2020, who reported EPS of €0.6 on revenue of €13.81B, compared to forecasts EPS of €0.02 on revenue of €13.81B.

Henkel VZO had missed expectations on Tuesday with third quarter EPS of €1.32 on revenue of €5B, compared to forecast for EPS of €1.46 on revenue of €4.92B.

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