BASF quarterly figures: Earnings expectations exceeded, sales forecast missed in Q1

BASF (DE: BASFN) presented its figures this Friday, surpassing earnings expectations. The company was unable to meet the sales forecast.

The company reported earnings per share of € 1.65. Sales amounted to € 16.18B. Economists surveyed by Investing.com had anticipated earnings per share of € 1.48 ahead of quarterly figures, while sales were estimated at € 16.25B.

The company reported earnings per share of € 0.66 and revenues of € 15.59B in the previous quarter.

BASF shares traded 0.77% in intraday trading to € 72.885.

Extrapolated to the year, BASF shares are up 20%, outperforming the Euro Stoxx 50, which is 17% up.

BASF pays it to other companies in the “Commodities” area in this report
On Monday Covestro reported earnings per share of € 0.98 and sales of € 3.18B in the first quarter. Economists had expected earnings per share of € 0.94 and sales of € 3.19B.

Wacker Chemie AG missed the analysts’ expectations on April 25. In the first quarter, earnings per share were € -0.16 and revenues were € 1.24B. Investing.com analysts had forecast earnings per share of € 0.33 and revenues of € 1.25B.

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