Investing.com - Thyssenkrupp AG (DE:TKAG) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Thyssenkrupp AG announced earnings per share of €0.17 on revenue of €9.44B. Analysts polled by Investing.com anticipated EPS of €-0.132 on revenue of €9.33B.
Thyssenkrupp AG shares are up 33% from the beginning of the year, still down 10.06% from its 52 week high of €12.03 set on March 5. They are outperforming the STOXX 600 which is up 22.22% from the start of the year.
Thyssenkrupp AG shares lost 100.00% in pre-market trade following the report.
Thyssenkrupp AG follows other major Materials sector earnings this month
Thyssenkrupp AG's report follows an earnings matched by Linde PLC on October 28, who reported EPS of €2.34 on revenue of €6.57B, compared to forecasts EPS of €2.34 on revenue of €6.42B.
BASF had beat expectations on October 27 with third quarter EPS of €1.56 on revenue of €19.67B, compared to forecast for EPS of €1.5 on revenue of €17.84B.
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