Investing.com - Bekaert reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bekaert announced earnings per share of €3.43 on revenue of €2.53B. Analysts polled by Investing.com anticipated EPS of €1.97 on revenue of €1,007M.
Bekaert shares are up 2.86% from the beginning of the year and are trading at €40.26 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Bekaert follows other major Materials sector earnings this month
Bekaert's report follows an earnings beat by Solvay on Wednesday, who reported EPS of €2.41 on revenue of €2.7B, compared to forecasts EPS of €1.7 on revenue of €2.61B.
Umicore had beat expectations on Wednesday, February 16, 2022 with fourth quarter EPS of €2.56 on revenue of €24.05B, compared to forecast for EPS of €0.94 on revenue of €1,827M.
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