Investing.com - Koninklijke DSM reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Koninklijke DSM announced earnings per share of €0.5702 on revenue of €2.11B. Analysts polled by Investing.com anticipated EPS of €0.7918 on revenue of €2.3B.
Koninklijke DSM shares are down 24% from the beginning of the year and are trading at €149.10 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.8% from the start of the year.
Koninklijke DSM shares lost 3.96% in intra-day trade after the report.
Koninklijke DSM follows other major Materials sector earnings this month
Koninklijke DSM's report follows an earnings beat by ArcelorMittal on Thursday, who reported EPS of €4.18 on revenue of €21.8B, compared to forecasts EPS of €3.92 on revenue of €21.16B.
Akzo Nobel had missed expectations on Monday, July 18, 2022 with second quarter EPS of €0.84 on revenue of €2.85B, compared to forecast for EPS of €1.02 on revenue of €2.83B.
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