Investing.com - Koninklijke DSM reported on Tuesday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Koninklijke DSM announced earnings per share of €1.35 on revenue of €2.29B. Analysts polled by Investing.com anticipated EPS of €1.35 on revenue of €2.26B.
Koninklijke DSM shares are up 19.39% from the beginning of the year and are trading at €171.40 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 8% from the start of the year.
Koninklijke DSM shares gained 0.50% in intra-day trade following 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 €2.91 on revenue of €16.28B, compared to forecasts EPS of €2.16 on revenue of €15.94B.
Akzo Nobel had missed expectations on Wednesday, July 21, 2021 with second quarter EPS of €1.2 on revenue of €2.51B, compared to forecast for EPS of €1.38 on revenue of €2.69B.
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