Investing.com - K&S AG reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
K&S AG announced earnings per share of €1.93 on revenue of €1.51B. Analysts polled by Investing.com anticipated EPS of €2.25 on revenue of €1.35B.
K&S AG shares are down 39% from the beginning of the year, still down 42.33% from its 52 week high of €36.45 set on April 19. They are under-performing the STOXX 600 which is down 9.77% from the start of the year.
K&S AG follows other major Materials sector earnings this month
K&S AG's report follows an earnings beat by Linde PLC on July 28, who reported EPS of €3.05 on revenue of €8.33B, compared to forecasts EPS of €2.87 on revenue of €8.13B.
BASF had beat expectations on July 27 with second quarter EPS of €2.37 on revenue of €22.97B, compared to forecast for EPS of €1.94 on revenue of €21.96B.
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