Investing.com - Wacker Chemie reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Wacker Chemie announced earnings per share of €7.67 on revenue of €2.17B. Analysts polled by Investing.com anticipated EPS of €6.56 on revenue of €2.11B.
Wacker Chemie shares are up 26.72% from the beginning of the year, still down 21.35% from its 52 week high of €187.10 set on June 6. They are outperforming the FTSE 100 which is down 0.04% from the start of the year.
Wacker Chemie shares gained 0.62% in intra-day trade following the report.
Wacker Chemie follows other major Materials sector earnings this month
Wacker Chemie's report follows an earnings beat by Linde PLC on Thursday, who reported EPS of €3.05 on revenue of €8.33B, compared to forecasts EPS of €2.87 on revenue of €8.12B.
BASF had beat expectations on Wednesday with second quarter EPS of €2.37 on revenue of €22.97B, compared to forecast for EPS of €1.86 on revenue of €22.07B.
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