Investing.com - Wacker Chemie reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Wacker Chemie announced earnings per share of €1.31 on revenue of €2.27B. Analysts polled by Investing.com anticipated EPS of €-0.41 on revenue of €1.09B.
Wacker Chemie shares are down 48% from the beginning of the year , still down 7.86% from its 52 week high of €83.98 set on July 23. They are under-performing the CAC 40 which is down 18.82% from the start of the year.
Wacker Chemie follows other major Basic Materials sector earnings this month
Wacker Chemie's report follows an earnings beat by BASF on Wednesday, who reported EPS of €0.25 on revenue of €12.68B, compared to forecasts EPS of €-0.06 on revenue of €12.17B.
Covestro had beat expectations on July 23 with second quarter EPS of €-0.28 on revenue of €2.16B, compared to forecast for EPS of €-0.45 on revenue of €2.22B.
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