Investing.com - Akzo Nobel reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Akzo Nobel announced earnings per share of €0.71 on revenue of €2.06B. Analysts polled by Investing.com anticipated EPS of €0.69 on revenue of €2.08B. That with comparison to EPS of €0.28 on revenue of €2.19B in the same period a year before.Akzo Nobel had reported EPS of €0.57 on revenue of €2.24B in the previous quarter.Analysts are expecting EPS of €1.12 and revenue of €2.35B in the upcoming quarter.
Akzo Nobel shares are down 26% from the beginning of the year and are trading at €67.04 , down-from-52-week-high.They are under-performing the AEX which is down 16.18% year to date.
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