Investing.com - Lanxess AG (ETR:LXSG) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lanxess AG announced earnings per share of €1.16 on revenue of €2B. Analysts polled by Investing.com anticipated EPS of €1.31 on revenue of €2.26B.
Lanxess AG shares are down 34% from the beginning of the year, still down 45.80% from its 52 week high of €65.88 set on September 16, 2021. They are under-performing the STOXX 600 which is down 10.14% from the start of the year.
Lanxess AG follows other major Materials sector earnings this month
Lanxess AG's report follows an earnings beat by Linde PLC on July 28, who reported EPS of €3.05 on revenue of €8.33B, compared to forecasts EPS of €2.87 on revenue of €8.13B.
BASF had beat expectations on July 27 with second quarter EPS of €2.37 on revenue of €22.97B, compared to forecast for EPS of €1.94 on revenue of €21.96B.
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