Investing.com - Bekaert reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bekaert announced earnings per share of €2.27 on revenue of €3.77B. Analysts polled by Investing.com anticipated EPS of €1.46 on revenue of €1,891M.
Bekaert shares are up 19.66% from the beginning of the year, still down 2.34% from its 52 week high of €33.28 set on March 3. They are outperforming the EUR/USD which is down 0% from the start of the year.
Bekaert shares lost 100.00% in pre-market trade following the report.
Bekaert follows other major Basic Materials sector earnings this month
Bekaert's report follows an earnings missed by Umicore on February 11, who reported EPS of €0.16 on revenue of €10.74B, compared to forecasts EPS of €0.81 on revenue of €1,811M.
Solvay had missed expectations on February 24 with fourth quarter EPS of €0.95 on revenue of €2.21B, compared to forecast for EPS of €1.25 on revenue of €2.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar