Solvay (BR:SOLB) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Solvay announced earnings per share of €2.08 on revenue of €2.69B. Analysts polled by anticipated EPS of €1.64 on revenue of €2.46B. That with comparison to EPS of €2.8 on revenue of €2.57B in the same period a year before. Solvay had reported EPS of €1.34 on revenue of €2.44B in the previous quarter. Analysts are expecting EPS of €1.43 and revenue of €2.91B in the upcoming quarter.
Solvay shares are down 29% from the beginning of the year , still down 31.47% from its 52 week high of €106.50 set on December 13, 2019. They are under-performing the STOXX 600 which is down 19.73% year to date.
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