Friday, July 27, 2018

BASF Q2 Profit Down, Confirms FY18 View For Weak EBIT; Stock Dips

Shares of BASF SE were losing around 3 percent in the morning trading after the German chemicals giant reported Friday lower profit in its second quarter, despite higher revenues. Looking ahead, for 2018, BASF confirmed its sales and earnings forecasts, expecting slight sales growth, a slight increase in EBIT before special items, but a slight decline in EBIT.

from RTT - Earnings https://ift.tt/2K1e5s2
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