Investing.com - Koninklijke DSM reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Koninklijke DSM announced earnings per share of €1.01 on revenue of €1.96B. Analysts polled by Investing.com anticipated EPS of €1.04 on revenue of €2.21B.
Koninklijke DSM shares are up 21% from the beginning of the year and are trading at €141.20 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 14.39% from the start of the year.
Koninklijke DSM follows other major Basic Materials sector earnings this month
Koninklijke DSM's report follows an earnings beat by Akzo Nobel on Monday, October 19, 2020, who reported EPS of €1.3 on revenue of €2.28B, compared to forecasts EPS of €1.2 on revenue of €2.28B.
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