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

Braskem (NYSE:BAK) released its quarterly earnings results on Thursday. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01), Zacks reports. The business had revenue of $3.28 billion for 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 Down 7.1 %

NYSE:BAK opened at $3.69 on Friday. Braskem has a twelve month low of $3.67 and a twelve month high of $10.98. The stock has a market cap of $1.47 billion, a P/E ratio of -1.04 and a beta of 2.03. The firm’s fifty day simple moving average is $4.28 and its 200 day simple moving average is $5.42.

Braskem Company Profile

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.