Investing.com - Victrex reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Victrex announced earnings per share of £0.47 on revenue of £151.4M. Analysts polled by Investing.com anticipated EPS of £45.50 on revenue of £147.00M.
Victrex shares are up 8% from the beginning of the year, still down 3.21% from its 52 week high of £2,620.00 set on May 10. They are under-performing the STOXX 600 which is up 11.62% from the start of the year.
Victrex follows other major Basic Materials sector earnings this month
Victrex's report follows an earnings missed by Severstal DRC on April 16, who reported EPS of £0.87 on revenue of £2.22B, compared to forecasts EPS of £0.9023 on revenue of £2.35B.
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