Investing.com - Heidelbergcement reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Heidelbergcement announced earnings per share of €-0.36 on revenue of €3.93B. Analysts polled by Investing.com anticipated EPS of €-0.36 on revenue of €4.08B. That with comparison to EPS of €-0.24 on revenue of €4.24B in the same period a year before. Heidelbergcement had reported EPS of €1.44 on revenue of €4.58B in the previous quarter.
Heidelbergcement shares are down 36% from the beginning of the year , still down 43.07% from its 52 week high of €73.02 set on July 1, 2019. They are under-performing the STOXX 600 which is down 18.85% year to date.
Heidelbergcement follows other major Capital Goods sector earnings this month
Heidelbergcement's report follows an earnings missed by MTU Aero on April 30, who reported EPS of €2.1 on revenue of €1.27B, compared to forecasts EPS of €2.41 on revenue of €1.24B.
Kion Group AG had missed expectations on April 28 with first quarter EPS of €0.66 on revenue of €2.03B, compared to forecast for EPS of €0.72 on revenue of €2.01B.
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