Investing.com - K&S AG reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
K&S AG announced earnings per share of €0.78 on revenue of €664.2M. Analysts polled by Investing.com anticipated EPS of €-0.0443 on revenue of €629.8M.
K&S AG shares are up 54% from the beginning of the year, still down 9.89% from its 52 week high of €13.35 set on July 6. They are outperforming the STOXX 600 which is up 19% 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 August 4, who reported EPS of €2.28 on revenue of €6.4B, compared to forecasts EPS of €2.12 on revenue of €6.16B.
BASF had beat expectations on July 28 with second quarter EPS of €2.03 on revenue of €19.75B, compared to forecast for EPS of €1.79 on revenue of €18.2B.
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