Investing.com - Acerinox reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Acerinox announced earnings per share of €0.29 on revenue of €1.44B. Analysts polled by Investing.com anticipated EPS of €0.27 on revenue of €1.37B.
Acerinox shares are up 31% from the beginning of the year and are trading at €11.920 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 11.57% from the start of the year.
Acerinox follows other major Basic Materials sector earnings this month
Acerinox's report follows an earnings matched by Viscofan on Friday, April 23, 2021, who reported EPS of €0.6 on revenue of €228M, compared to forecasts EPS of €0.6 on revenue of €223.77M.
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