Investing.com - Arkema reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Arkema announced earnings per share of €2.85 on revenue of €2.5B. Analysts polled by Investing.com anticipated EPS of €1.94 on revenue of €2.33B.
Arkema shares are down 2% from the beginning of the year and are trading at €120.25 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.39% from the start of the year.
Arkema shares lost 4.34% in intra-day trade the report.
Arkema follows other major Materials sector earnings this month
Arkema's report follows an earnings matched by Air Liquide on Wednesday, February 16, 2022, who reported EPS of €2.82 on revenue of €6.66B, compared to forecasts EPS of €2.82 on revenue of €6.26B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar