Investing.com - K&S AG reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
K&S AG announced earnings per share of €2.81 on revenue of €1.07B. Analysts polled by Investing.com anticipated EPS of €1.25 on revenue of €942.43M.
K&S AG shares are down 11% from the beginning of the year, still down 3.50% from its 52 week high of €24.26 set on March 7. They are outperforming the STOXX 600 which is down 11.88% from the start of the year.
K&S AG shares gained 6.41% in intra-day trade following the report.
K&S AG follows other major Materials sector earnings this month
K&S AG's report follows an earnings beat by Linde PLC on February 10, who reported EPS of €2.42 on revenue of €7.24B, compared to forecasts EPS of €2.34 on revenue of €6.87B.
BASF had missed expectations on February 25 with fourth quarter EPS of €1.17 on revenue of €19.78B, compared to forecast for EPS of €1.29 on revenue of €18.62B.
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