Investing.com - Thyssenkrupp AG (DE:TKAG) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Thyssenkrupp AG announced earnings per share of €-0.90 on revenue of €8.25B. Analysts polled by Investing.com anticipated EPS of €-0.22 on revenue of €10.17B. That with comparison to EPS of €-0.16 on revenue of €10.64B in the same period a year before.Thyssenkrupp AG had reported EPS of €-0.6 on revenue of €9.67B in the previous quarter.Analysts are expecting EPS of €-0.04 and revenue of €9.5B in the upcoming quarter.
Thyssenkrupp AG shares are down 18% from the beginning of the year and are trading at €4.115 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is down 18.23% year to date.
Thyssenkrupp AG follows other major Basic Materials sector earnings this month
Thyssenkrupp AG's report follows an earnings beat by BASF on Thursday, April 30, 2020, who reported EPS of €1.36 on revenue of €16.75B, compared to forecasts EPS of €1.19 on revenue of €15.15B.
Henkel VZO had matched expectations on Monday with first quarter EPS of €1.2 on revenue of €4.93B, compared to forecast for EPS of €1.2 on revenue of €4.96B.
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