Investing.com - Krones AG reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Krones AG announced earnings per share of €1.04 on revenue of €874.6M. Analysts polled by Investing.com anticipated EPS of €0.7829 on revenue of €874.5M.
Krones AG shares are up 14.42% from the beginning of the year, still down 4.08% from its 52 week high of €78.35 set on February 16. They are outperforming the S&P/ASX 200 which is up 7.49% from the start of the year.
Krones AG follows other major Basic Materials sector earnings this month
Krones AG's report follows an earnings beat by BASF on April 28, who reported EPS of €2 on revenue of €19.4B, compared to forecasts EPS of €1.98 on revenue of €17.27B.
Henkel VZO had beat expectations on Thursday with first quarter EPS of €1.27 on revenue of €4.97B, compared to forecast for EPS of €1.25 on revenue of €4.79B.
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