Investing.com - Heidelbergcement reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Heidelbergcement announced earnings per share of €3.8 on revenue of €8.94B. Analysts polled by Investing.com anticipated EPS of €2.28 on revenue of €4.95B.
Heidelbergcement shares are up 55% from the beginning of the year and are trading at €75.350 , down-from-52-week-high.They are outperforming the CAC 40 which is up 19.5% from the start of the year.
Heidelbergcement follows other major Materials sector earnings this month
Heidelbergcement's report follows an earnings beat by BASF on Wednesday, who reported EPS of €2.03 on revenue of €19.75B, compared to forecasts EPS of €1.72 on revenue of €17.94B.
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