Investing.com - Voestalpine reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Voestalpine announced earnings per share of €-1.13 on revenue of €2.71B. Analysts polled by Investing.com anticipated EPS of €-0.25 on revenue of €2.67B.
Voestalpine shares are up 4% from the beginning of the year, still down 0.00% from its 52 week high of €26.09 set on November 10. They are outperforming the STOXX 600 which is down 7.56% from the start of the year.
Voestalpine shares lost 100.00% in pre-market trade following the report.
Voestalpine follows other major Basic Materials sector earnings this month
Voestalpine's report follows an earnings missed by Lenzing AG on November 4, who reported EPS of €-0.39 on revenue of €384.8M, compared to forecasts EPS of €-0.22 on revenue of €392.75M.
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