Investing.com - Solvay (BR:SOLB) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Solvay announced earnings per share of €2.41 on revenue of €2.7B. Analysts polled by Investing.com anticipated EPS of €1.7 on revenue of €2.61B.
Solvay shares are up 4% from the beginning of the year and are trading at €107.50 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 5.85% from the start of the year.
Solvay shares gained 2.04% in intra-day trade following the report.
Solvay follows other major Materials sector earnings this month
Solvay's report follows an earnings beat by Umicore on Wednesday, February 16, 2022, who reported EPS of €2.56 on revenue of €24.05B, compared to forecasts EPS of €0.94 on revenue of €1,827M.
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