Investing.com - BASF reported on Wednesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
BASF announced earnings per share of €2 on revenue of €19.4B. Analysts polled by Investing.com anticipated EPS of €2 on revenue of €17.03B.
BASF shares are up 27% from the beginning of the year, still down 4.56% from its 52 week high of €72.88 set on April 7. They are outperforming the S&P 500 which is up 11.37% from the start of the year.
BASF follows other major Basic Materials sector earnings this month
BASF's report follows an earnings matched by Covestro on Thursday, who reported EPS of €2.03 on revenue of €3.31B, compared to forecasts EPS of €2.03 on revenue of €3.29B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar