Investing.com - BASF reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
BASF announced earnings per share of €1.17 on revenue of €19.78B. Analysts polled by Investing.com anticipated EPS of €1.29 on revenue of €18.62B.
BASF shares are down 2% from the beginning of the year and are trading at €60.030 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is down 8.25% from the start of the year.
BASF shares lost 1.69% in intra-day trade following the report.
BASF follows other major Materials sector earnings this month
BASF's report follows an earnings beat by Linde PLC on Thursday, February 10, 2022, who reported EPS of €2.42 on revenue of €7.24B, compared to forecasts EPS of €2.34 on revenue of €6.87B.
Heidelbergcement had missed expectations on Thursday with fourth quarter EPS of €1.91 on revenue of €4.56B, compared to forecast for EPS of €1.95 on revenue of €4.52B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar