Investing.com - Henkel VZO (DE:HNKG_p) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Henkel VZO announced earnings per share of €1.46 on revenue of €9.77B. Analysts polled by Investing.com anticipated EPS of €0.8091 on revenue of €4.71B.
Henkel VZO shares are up 14% from the beginning of the year, still down 10.91% from its 52 week high of €95.14 set on October 9, 2020. They are outperforming the STOXX 600 which is up 3.23% from the start of the year.
Henkel VZO shares lost 100.00% in pre-market trade following the report.
Henkel VZO follows other major Basic Materials sector earnings this month
Henkel VZO's report follows an earnings beat by BASF on February 26, who reported EPS of €1.1 on revenue of €15.91B, compared to forecasts EPS of €0.7914 on revenue of €15.14B.
Covestro had beat expectations on February 23 with fourth quarter EPS of €1.66 on revenue of €3.01B, compared to forecast for EPS of €1.65 on revenue of €3.01B.
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