Investing.com - K&S AG reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
K&S AG announced earnings per share of €1.63 on revenue of €1.21B. Analysts polled by Investing.com anticipated EPS of €1.68 on revenue of €1.22B.
K&S AG shares are up 84% from the beginning of the year, still down 23.09% from its 52 week high of €36.45 set on April 19. They are outperforming the STOXX 600 which is down 12.88% from the start of the year.
K&S AG shares lost 5.41% in intra-day trade following the report.
K&S AG follows other major Materials sector earnings this month
K&S AG's report follows an earnings beat by Linde PLC on April 28, who reported EPS of €2.79 on revenue of €7.81B, compared to forecasts EPS of €2.77 on revenue of €7.36B.
BASF had beat expectations on April 29 with first quarter EPS of €2.7 on revenue of €23.08B, compared to forecast for EPS of €2.14 on revenue of €23.29B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar