Victrex reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Victrex announced earnings per share of £0.47 on revenue of £150.3M (NYSE:MMM). Analysts polled by anticipated EPS of £55.20 on revenue of £149.00M. That with comparison to EPS of £0.51 on revenue of £142.8M in the same period a year before.
Victrex shares are down 37.91% from the beginning of the year , still down 24.36% from its 52 week high of £2,574.00 set on January 6. They are under-performing the STOXX 600 which is down 18.46% year to date.
Victrex follows other major Basic Materials sector earnings this month
Victrex's report follows an earnings missed by Severstal DRC on April 23, who reported EPS of £0.09 on revenue of £1.78B, compared to forecasts EPS of £0.4 on revenue of £1.84B.
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