Investing.com - Koninklijke DSM (OTC:RDSMY) reported on Tuesday fourth quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Koninklijke DSM announced earnings per share of €1.23 on revenue of €2.42B. Analysts polled by Investing.com anticipated EPS of €1.23 on revenue of €2.27B.
Koninklijke DSM shares are down 17% from the beginning of the year, still down 18.93% from its 52 week high of €200.50 set on December 14, 2021. They are under-performing the STOXX 600 which is down 5.45% from the start of the year.
Koninklijke DSM shares gained 2.14% in intra-day trade following the report.
Koninklijke DSM follows other major Materials sector earnings this month
Koninklijke DSM's report follows an earnings beat by ArcelorMittal on Thursday, who reported EPS of €3.42 on revenue of €18.14B, compared to forecasts EPS of €3.07 on revenue of €17.94B.
Akzo Nobel had beat expectations on February 9 with fourth quarter EPS of €0.74 on revenue of €2.4B, compared to forecast for EPS of €0.6433 on revenue of €2.44B.
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