Aurubis AG reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Aurubis AG announced earnings per share of €1.01 on revenue of €3.04B. Analysts polled by anticipated EPS of €1.19 on revenue of €2.95B. That with comparison to EPS of €2.09 on revenue of €2.74B in the same period a year before. Aurubis AG had reported EPS of €0.54 on revenue of €2.71B in the previous quarter.
Aurubis AG shares are down 32% from the beginning of the year , still down 15.76% from its 52 week high of €58.00 set on December 16, 2019. They are under-performing the OMX Helsinki 25 which is down 16.87% year to date.
Aurubis AG follows other major Basic Materials sector earnings this month
Aurubis AG's report follows an earnings beat by BASF on April 30, 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 missed expectations on Monday with first quarter EPS of €1.18 on revenue of €4.93B, compared to forecast for EPS of €1.2 on revenue of €4.96B.
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