Investing.com - Symrise AG reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Symrise AG announced earnings per share of €0.62 on revenue of €943M. Analysts polled by Investing.com anticipated EPS of €0.64 on revenue of €923.85M.
Symrise AG shares are down 14% from the beginning of the year, still down 16.43% from its 52 week high of €132.65 set on November 22, 2021. They are under-performing the STOXX 600 which is down 8.14% from the start of the year.
Symrise AG shares gained 4.08% in intra-day trade following the report.
Symrise AG follows other major Materials sector earnings this month
Symrise AG's report follows an earnings beat by Linde PLC on February 10, who reported EPS of €2.42 on revenue of €7.24B, compared to forecasts EPS of €2.34 on revenue of €6.87B.
BASF had missed expectations on Friday with fourth quarter EPS of €1.17 on revenue of €19.78B, compared to forecast for EPS of €1.29 on revenue of €18.62B.
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