Investing.com - Arkema reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arkema announced earnings per share of €1.18 on revenue of €1.9B. Analysts polled by Investing.com anticipated EPS of €0.94 on revenue of €1.84B.
Arkema shares are down 7% from the beginning of the year , still down 10.60% from its 52 week high of €98.50 set on November 11, 2019. They are outperforming the STOXX 600 which is down 12.82% from the start of the year.
Arkema shares gained 0.05% in intra-day trade following the report.
Arkema follows other major Basic Materials sector earnings this month
Arkema's report follows an earnings beat by Air Liquide on Thursday, who reported EPS of €2.41 on revenue of €4.9B, compared to forecasts EPS of €1.84 on revenue of €4.89B.
Nexans had missed expectations on Thursday with second quarter EPS of €-1.27 on revenue of €2.95B, compared to forecast for EPS of €0.27 on revenue of €1.31B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar