Investing.com - Bekaert reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bekaert announced earnings per share of €3.63 on revenue of €2.31B. Analysts polled by Investing.com anticipated EPS of €1.95 on revenue of €2,165M.
Bekaert shares are down 23% from the beginning of the year and are trading at €40.02 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 15.72% from the start of the year.
Bekaert follows other major Materials sector earnings this month
Bekaert's report follows an earnings beat by Umicore on Friday, who reported EPS of €1.65 on revenue of €12.68B, compared to forecasts EPS of €1.48 on revenue of €2,091M.
Solvay had beat expectations on Thursday with second quarter EPS of €2.67 on revenue of €2.46B, compared to forecast for EPS of €2.09 on revenue of €2.4B.
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