Investing.com - Thyssenkrupp AG (DE:TKAG) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Thyssenkrupp AG announced earnings per share of €-0.90 on revenue of €5.77B. Analysts polled by Investing.com anticipated EPS of €-1.21 on revenue of €6.51B.
Thyssenkrupp AG shares are down 48% from the beginning of the year and are trading at €6.220 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.42% from the start of the year.
Thyssenkrupp AG follows other major Basic Materials sector earnings this month
Thyssenkrupp AG's report follows an earnings beat by BASF on Wednesday, July 29, 2020, who reported EPS of €0.25 on revenue of €12.68B, compared to forecasts EPS of €-0.06 on revenue of €12.31B.
Henkel VZO had missed expectations on Wednesday, August 5, 2020 with second quarter EPS of €0.55 on revenue of €4.56B, compared to forecast for EPS of €0.9 on revenue of €4.56B.
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