Investing.com - Altri reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Altri announced earnings per share of €0.16 on revenue of €249.2M. Analysts polled by Investing.com anticipated EPS of €0.1638 on revenue of €254.7M.
Altri shares are up 8% from the beginning of the year, still down 12.11% from its 52 week high of €6.89 set on May 10. They are under-performing the PSI which is up 12.35% from the start of the year.
Altri follows other major Materials sector earnings this month
Altri's report follows an earnings matched by The Navigator on May 24, who reported EPS of €0.07 on revenue of €492.2M, compared to forecasts EPS of €0.07 on revenue of €487.75M.
Corticeira Amorim had missed expectations on May 3 with first quarter EPS of €0.15 on revenue of €263.5M, compared to forecast for EPS of €0.19 on revenue of €246.25M.
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