Investing.com - Heidelbergcement reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Heidelbergcement announced earnings per share of €3.12 on revenue of €4.89B. Analysts polled by Investing.com anticipated EPS of €2.13 on revenue of €4.82B.
Heidelbergcement shares are down 15% from the beginning of the year and are trading at €54.640 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.9% from the start of the year.
Heidelbergcement shares gained 1.54% in intra-day trade after the report.
Heidelbergcement follows other major Capital Goods sector earnings this month
Heidelbergcement's report follows an earnings missed by MTU Aero on Wednesday, October 28, 2020, who reported EPS of €1.01 on revenue of €907.8M, compared to forecasts EPS of €1.2 on revenue of €882.38M.
Kion Group AG had beat expectations on Tuesday, October 27, 2020 with third quarter EPS of €0.72 on revenue of €2.07B, compared to forecast for EPS of €0.49 on revenue of €2.06B.
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