Investing.com - Heidelbergcement reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Heidelbergcement announced earnings per share of €2.76 on revenue of €9.95B. Analysts polled by Investing.com anticipated EPS of €2.02 on revenue of €5.45B.
Heidelbergcement shares are down 19% from the beginning of the year and are trading at €47.870 , down-from-52-week-high.They are under-performing the DAX which is down 16.39% from the start of the year.
Heidelbergcement follows other major Materials sector earnings this month
Heidelbergcement's report follows an earnings beat by Linde PLC on Thursday, who reported EPS of €3.05 on revenue of €8.33B, compared to forecasts EPS of €2.87 on revenue of €8.12B.
BASF had beat expectations on Wednesday with second quarter EPS of €2.37 on revenue of €22.97B, compared to forecast for EPS of €1.86 on revenue of €22.07B.
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