Air Liquide (PA:AIRP) reported on Friday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Air Liquide announced earnings per share of €1.26 on revenue of €5.37B. Analysts polled by anticipated EPS of €1.26 on revenue of €5.3B. Air Liquide had reported EPS of €2.51 on revenue of €5.51B in the previous quarter. Analysts are expecting EPS of €1.94 and revenue of €5.39B in the upcoming quarter.
Air Liquide shares are down 8% from the beginning of the year , still down 18.05% from its 52 week high of €140.70 set on February 20. They are outperforming the CAC 40 which is down 26.98% year to date.
Air Liquide follows other major Basic Materials sector earnings this month
Air Liquide's report follows an earnings missed by Nexans on April 7, who reported EPS of €-0.14 on revenue of €3.30B, compared to forecasts EPS of €1.67 on revenue of €2,320M.
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