Investing.com - Koninklijke DSM (OTC:RDSMY) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Koninklijke DSM announced earnings per share of €1.27 on revenue of €2.59B. Analysts polled by Investing.com anticipated EPS of €1.18 on revenue of €2.44B.
Koninklijke DSM shares are down 22% from the beginning of the year, still down 23.27% from its 52 week high of €200.50 set on December 14, 2021. They are under-performing the STOXX 600 which is down 8.55% from the start of the year.
Koninklijke DSM shares lost 1.12% in intra-day trade following the report.
Koninklijke DSM follows other major Materials sector earnings this month
Koninklijke DSM's report follows an earnings beat by Akzo Nobel on April 22, who reported EPS of €0.86 on revenue of €2.53B, compared to forecasts EPS of €0.7977 on revenue of €2.52B.
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