Investing.com - Arkema reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arkema announced earnings per share of €5.99 on revenue of €3.18B. Analysts polled by Investing.com anticipated EPS of €4.71 on revenue of €2.99B.
Arkema shares are down 7% from the beginning of the year and are trading at €92.30 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.11% from the start of the year.
Arkema follows other major Materials sector earnings this month
Arkema's report follows an earnings beat by Air Liquide on Thursday, who reported EPS of €2.67 on revenue of €7.32B, compared to forecasts EPS of €2.64 on revenue of €7.11B.
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