Braskem (NYSE:BAK) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Braskem (NYSE:BAK) released its earnings results on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01), Zacks reports. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.52 billion. Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%.

Braskem Stock Performance

Shares of Braskem stock traded down $0.18 during midday trading on Friday, hitting $3.79. 533,780 shares of the company traded hands, compared to its average volume of 835,738. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -1.07 and a beta of 2.03. The firm’s fifty day moving average price is $4.28 and its 200-day moving average price is $5.44. Braskem has a 12 month low of $3.69 and a 12 month high of $10.98.

About Braskem

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.