Investing.com - Heidelbergcement reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Heidelbergcement announced earnings per share of €1.91 on revenue of €4.58B. Analysts polled by Investing.com anticipated EPS of €1.95 on revenue of €4.52B.
Heidelbergcement shares are down 3% from the beginning of the year, still down 29.01% from its 52 week high of €81.04 set on April 16, 2021. They are outperforming the DAX which is down 10.39% from the start of the year.
Heidelbergcement follows other major Materials sector earnings this month
Heidelbergcement's report follows an earnings beat by Linde PLC on February 10, who reported EPS of €2.42 on revenue of €7.24B, compared to forecasts EPS of €2.34 on revenue of €6.87B.
Thyssenkrupp AG had missed expectations on February 7 with first quarter EPS of €0.17 on revenue of €9.02B, compared to forecast for EPS of €0.1903 on revenue of €8.76B.
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