Investing.com - Koninklijke DSM reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Koninklijke DSM announced earnings per share of €1.06 on revenue of €2.24B. Analysts polled by Investing.com anticipated EPS of €1.08 on revenue of €2.16B.
Koninklijke DSM shares are up 10% from the beginning of the year and are trading at €128.00 , down-from-52-week-high.They are outperforming the AEX which is down 7.7% from the start of the year.
Koninklijke DSM shares lost 3.32% in intra-day trade after the report.
Koninklijke DSM follows other major Basic Materials sector earnings this month
Koninklijke DSM's report follows an earnings beat by Akzo Nobel on Wednesday, July 22, 2020, who reported EPS of €0.8 on revenue of €1.99B, compared to forecasts EPS of €0.58 on revenue of €1.95B.
ArcelorMittal had beat expectations on Thursday with second quarter EPS of €-0.26 on revenue of €9.31B, compared to forecast for EPS of €-0.48 on revenue of €9.99B.
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