Investing.com - Koninklijke DSM (OTC:RDSMY) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Koninklijke DSM announced earnings per share of €1.24 on revenue of €2.29B. Analysts polled by Investing.com anticipated EPS of €1.07 on revenue of €2.27B. That with comparison to EPS of €1.12 on revenue of €2.29B in the same period a year before. Koninklijke DSM had reported EPS of €0.96 on revenue of €2.15B in the previous quarter. Analysts are expecting EPS of €1.17 and revenue of €2.3B in the upcoming quarter.
Koninklijke DSM shares are down 0% from the beginning of the year , still down 3.04% from its 52 week high of €118.60 set on February 13. They are outperforming the STOXX 600 which is down 18.85% year to date.
Koninklijke DSM follows other major Basic Materials sector earnings this month
Koninklijke DSM's report follows an earnings beat by Akzo Nobel on April 22, who reported EPS of €0.71 on revenue of €2.06B, compared to forecasts EPS of €0.64 on revenue of €2.06B.
ArcelorMittal had missed expectations on Thursday with first quarter EPS of €-0.52 on revenue of €13.77B, compared to forecast for EPS of €-0.13 on revenue of €14.89B.
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