Investing.com - Victrex reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Victrex announced earnings per share of £0.15 on revenue of £55.7M. Analysts polled by Investing.com anticipated EPS of £27.45 on revenue of £109.70M.
Victrex shares are down 16% from the beginning of the year, still down 18.73% from its 52 week high of £2,574.00 set on January 6. They are under-performing the STOXX 600 which is down 5.04% from the start of the year.
Victrex follows other major Basic Materials sector earnings this month
Victrex's report follows an earnings missed by Johnson Matthey on November 19, who reported EPS of £0.12 on revenue of £6.98B, compared to forecasts EPS of £100.13 on revenue of £2,095M.
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