Investing.com - Akzo Nobel (OTC:AKZOY) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Akzo Nobel announced earnings per share of €0.84 on revenue of €2.51B. Analysts polled by Investing.com anticipated EPS of €1.18 on revenue of €2.87B.
Akzo Nobel shares are down 31% from the beginning of the year, still down 38.57% from its 52 week high of €107.80 set on August 16, 2021. They are under-performing the STOXX 600 which is down 13.2% from the start of the year.
Akzo Nobel shares lost 100.00% in pre-market trade following the report.
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