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Lanxess AG Earnings Beat, Revenue Misses In Q1

Published 03/12/2021, 01:08 AM
Updated 03/12/2021, 01:08 AM

Investing.com - Lanxess AG (DE:LXSG) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Lanxess AG announced earnings per share of €0.82 on revenue of €1.50B. Analysts polled by Investing.com anticipated EPS of €0.5333 on revenue of €1.52B.

Lanxess AG shares are up 1% from the beginning of the year, still down 5.04% from its 52 week high of €67.38 set on March 10. They are under-performing the STOXX 600 which is up 6.3% from the start of the year.

Lanxess AG follows other major Basic Materials sector earnings this month

Lanxess AG's report follows an earnings beat by BASF on February 26, who reported EPS of €1.1 on revenue of €15.91B, compared to forecasts EPS of €0.7914 on revenue of €15.14B.

Henkel VZO had beat expectations on March 3 with first quarter EPS of €0.8736 on revenue of €4.77B, compared to forecast for EPS of €0.8214 on revenue of €4.71B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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