Investing.com - Bekaert reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bekaert announced earnings per share of €2.27 on revenue of €3.77B. Analysts polled by Investing.com anticipated EPS of €1.46 on revenue of €1,891M.
Bekaert shares are up 19.66% from the beginning of the year and are trading at €32.50 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Bekaert shares lost 100.00% in pre-market trade the report.
Bekaert follows other major Basic Materials sector earnings this month
Bekaert's report follows an earnings missed by Umicore on Thursday, February 11, 2021, who reported EPS of €0.16 on revenue of €10.74B, compared to forecasts EPS of €0.81 on revenue of €1,811M.
Solvay had missed expectations on Wednesday, February 24, 2021 with fourth quarter EPS of €0.95 on revenue of €2.21B, compared to forecast for EPS of €1.25 on revenue of €2.13B.
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