Investing.com - Lanxess AG (DE:LXSG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lanxess AG announced earnings per share of €1.17 on revenue of €1.69B. Analysts polled by Investing.com anticipated EPS of €0.8671 on revenue of €1.68B.
Lanxess AG shares are down 1% from the beginning of the year, still down 8.45% from its 52 week high of €67.38 set on March 10. They are under-performing the STOXX 600 which is up 9.75% 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 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 May 6 with first quarter EPS of €1.27 on revenue of €4.97B, compared to forecast for EPS of €1.25 on revenue of €4.86B.
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