Investing.com - Lanxess AG (DE:LXSG) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lanxess AG announced earnings per share of €1.38 on revenue of €1.83B. Analysts polled by Investing.com anticipated EPS of €1.13 on revenue of €1.7B.
Lanxess AG shares are up 33% from the beginning of the year and are trading at €61.720 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 18.53% from the start of the year.
Lanxess AG shares lost 1.45% in intra-day trade the report.
Lanxess AG follows other major Materials sector earnings this month
Lanxess AG's report follows an earnings beat by Linde PLC on Wednesday, August 4, 2021, who reported EPS of €2.28 on revenue of €6.4B, compared to forecasts EPS of €2.12 on revenue of €6.16B.
BASF had beat expectations on Wednesday, July 28, 2021 with second quarter EPS of €2.03 on revenue of €19.75B, compared to forecast for EPS of €1.79 on revenue of €18.2B.
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