Investing.com - Wacker Chemie reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Wacker Chemie announced earnings per share of €4.9 on revenue of €1.66B. Analysts polled by Investing.com anticipated EPS of €4.36 on revenue of €1.57B.
Wacker Chemie shares are up 30.88% from the beginning of the year and are trading at €152.80 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Wacker Chemie shares lost 100.00% in pre-market trade following the report.
Wacker Chemie follows other major Materials sector earnings this month
Wacker Chemie's report follows an earnings beat by Linde PLC on Thursday, who reported EPS of €2.34 on revenue of €6.57B, compared to forecasts EPS of €2.28 on revenue of €6.39B.
BASF had beat expectations on Wednesday with third quarter EPS of €1.56 on revenue of €19.67B, compared to forecast for EPS of €1.5 on revenue of €17.68B.
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