Wacker Chemie earnings, Revenue beat in Q2

  • Investing.com
Wacker Chemie earnings, Revenue beat in Q2
Credit: © Reuters.

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% year to date.

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.

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