Investing.com - Henkel VZO (DE:HNKG_p) reported on Monday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Henkel VZO announced earnings per share of €1.2 on revenue of €4.93B. Analysts polled by Investing.com anticipated EPS of €1.2 on revenue of €4.96B. That with comparison to EPS of €1.34 on revenue of €4.97B in the same period a year before.Henkel VZO had reported EPS of €1.23 on revenue of €4.95B in the previous quarter.Analysts are expecting EPS of €1.15 and revenue of €4.76B in the upcoming quarter.
Henkel VZO shares are down 14% from the beginning of the year and are trading at €79.17 , down-from-52-week-high.They are outperforming the DAX which is down 18.16% year to date.
Henkel VZO follows other major Basic Materials sector earnings this month
Henkel VZO's report follows an earnings beat by BASF on Thursday, April 30, 2020, who reported EPS of €1.36 on revenue of €16.75B, compared to forecasts EPS of €1.19 on revenue of €15.15B.
Evonik had missed expectations on Thursday with first quarter EPS of €0.39 on revenue of €3.24B, compared to forecast for EPS of €0.41 on revenue of €3.24B.
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