Investing.com - Wacker Chemie reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Wacker Chemie announced earnings per share of €5.67 on revenue of €1.68B. Analysts polled by Investing.com anticipated EPS of €5.28 on revenue of €1.68B.
Wacker Chemie shares are up 10.78% from the beginning of the year, still down 16.58% from its 52 week high of €174.75 set on November 22, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Wacker Chemie follows other major Materials sector earnings this month
Wacker Chemie's report follows an earnings missed by BASF on February 25, who reported EPS of €1.17 on revenue of €19.78B, compared to forecasts EPS of €1.29 on revenue of €18.62B.
Symrise AG had matched expectations on March 1 with fourth quarter EPS of €0.62 on revenue of €942.8M, compared to forecast for EPS of €0.62 on revenue of €924.44M.
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