Investing.com - BASF reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BASF announced earnings per share of €0.25 on revenue of €12.68B. Analysts polled by Investing.com anticipated EPS of €-0.06 on revenue of €12.17B.
BASF shares are down 26% from the beginning of the year and are trading at €49.795 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 11.88% from the start of the year.
BASF follows other major Basic Materials sector earnings this month
BASF's report follows an earnings beat by Covestro on Thursday, July 23, 2020, who reported EPS of €-0.28 on revenue of €2.16B, compared to forecasts EPS of €-0.45 on revenue of €2.22B.
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