Investing.com - Arkema reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arkema announced earnings per share of €1.2 on revenue of €1.99B. Analysts polled by Investing.com anticipated EPS of €1.01 on revenue of €1.87B.
Arkema shares are down 2% from the beginning of the year, still down 8.52% from its 52 week high of €99.52 set on September 14, 2020. They are under-performing the STOXX 600 which is up 3.19% from the start of the year.
Arkema follows other major Basic Materials sector earnings this month
Arkema's report follows an earnings missed by Air Liquide on February 10, who reported EPS of €2.56 on revenue of €5.23B, compared to forecasts EPS of €2.7 on revenue of €5.2B.
Nexans had beat expectations on February 17 with fourth quarter EPS of €2.93 on revenue of €1.39B, compared to forecast for EPS of €1.65 on revenue of €1.39B.
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