Investing.com - Voestalpine reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Voestalpine announced earnings per share of €1.17 on revenue of €3.55B. Analysts polled by Investing.com anticipated EPS of €1.19 on revenue of €3.53B.
Voestalpine shares are up 8% from the beginning of the year, still down 20.98% from its 52 week high of €40.38 set on August 13. They are under-performing the ATX which is up 39.58% from the start of the year.
Voestalpine follows other major Materials sector earnings this month
Voestalpine's report follows an earnings beat by Wienerberger AG on Tuesday, who reported EPS of €1.02 on revenue of €1.03B, compared to forecasts EPS of €0.6846 on revenue of €1B.
Lenzing AG had beat expectations on November 3 with third quarter EPS of €0.71 on revenue of €555M, compared to forecast for EPS of €0.62 on revenue of €597.6M.
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