Investing.com - Arkema reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arkema announced earnings per share of €2.07 on revenue of €2.23B. Analysts polled by Investing.com anticipated EPS of €1.69 on revenue of €2.21B.
Arkema shares are up 36% from the beginning of the year and are trading at €108.80 , down-from-52-week-high.They are outperforming the AEX which is up 14% from the start of the year.
Arkema shares gained 2.54% in intra-day trade the report.
Arkema follows other major Basic Materials sector earnings this month
Arkema's report follows an earnings matched by Air Liquide on Friday, April 23, 2021, who reported EPS of €2.82 on revenue of €5.33B, compared to forecasts EPS of €2.82 on revenue of €5.26B.
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