Investing.com - Victrex reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Victrex announced earnings per share of £0.37 on revenue of £159.8M. Analysts polled by Investing.com anticipated EPS of £39.25 on revenue of £145.00M.
Victrex shares are up 4% from the beginning of the year, still down 9.93% from its 52 week high of £2,720.00 set on July 13. They are under-performing the STOXX 600 which is up 17.46% from the start of the year.
Victrex follows other major Materials sector earnings this month
Victrex's report follows an earnings beat by Polyus DRC on November 23, who reported EPS of £4.84 on revenue of £1.4B, compared to forecasts EPS of £2.35 on revenue of £1.39B.
Tata Steel DRC had beat expectations on November 12 with third quarter EPS of £1.33 on revenue of £8.1B, compared to forecast for EPS of £1.24 on revenue of £7.92B.
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