Wacker Chemie earnings, Revenue beat in Q2

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

Investing.com - Wacker Chemie reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Wacker Chemie announced earnings per share of €7.67 on revenue of €2.17B. Analysts polled by Investing.com anticipated EPS of €6.56 on revenue of €2.11B.

Wacker Chemie shares are up 26.72% from the beginning of the year and are trading at €147.15 , down-from-52-week-high.They are outperforming the FTSE 100 which is down 0.04% year to date.

Wacker Chemie shares gained 0.62% in intra-day trade the report.

Wacker Chemie follows other major Materials sector earnings this month

Wacker Chemie's report follows an earnings beat by Linde PLC on Thursday, who reported EPS of €3.05 on revenue of €8.33B, compared to forecasts EPS of €2.87 on revenue of €8.12B.

BASF had beat expectations on Wednesday with second quarter EPS of €2.37 on revenue of €22.97B, compared to forecast for EPS of €1.86 on revenue of €22.07B.

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