Investing.com - Henkel VZO (DE:HNKG_p) reported on Monday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Henkel VZO announced earnings per share of €1.2 on revenue of €4.93B. Analysts polled by Investing.com anticipated EPS of €1.2 on revenue of €4.96B. That with comparison to EPS of €1.34 on revenue of €4.97B in the same period a year before. Henkel VZO had reported EPS of €1.23 on revenue of €4.95B in the previous quarter. Analysts are expecting EPS of €1.15 and revenue of €4.76B in the upcoming quarter.
Henkel VZO shares are down 14% from the beginning of the year , still down 19.05% from its 52 week high of €97.80 set on November 14, 2019. They are outperforming the DAX which is down 18.16% year to date.
Henkel VZO follows other major Basic Materials sector earnings this month
Henkel VZO's report follows an earnings beat by BASF on April 30, who reported EPS of €1.36 on revenue of €16.75B, compared to forecasts EPS of €1.19 on revenue of €15.15B.
Evonik had missed expectations on Thursday with first quarter EPS of €0.39 on revenue of €3.24B, compared to forecast for EPS of €0.41 on revenue of €3.24B.
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