Investing.com - Alpek reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Alpek announced earnings per share of Mex$2.78 on revenue of Mex$55.99B. Analysts polled by Investing.com anticipated EPS of Mex$2.95 on revenue of Mex$56.27B.
Alpek shares are down 0% from the beginning of the year , still down 5.30% from its 52 week high of Mex$29.06 set on Wednesday, August 24, 2022. They are broadly in line with the EUR/USD which is down 0% year to date.
Alpek follows other major Materials sector earnings this month
Alpek's report follows an earnings matched by Industrias CH on Wednesday, August 31, 2022, who reported EPS of Mex$6.69 on revenue of Mex$16.05B, compared to forecasts EPS of Mex$6.69 on revenue of Mex$16.05B.
Alpek had missed expectations on Friday with third quarter EPS of Mex$2.78 on revenue of Mex$55.99B, compared to forecast for EPS of Mex$2.95 on revenue of Mex$56.27B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar