Braskem (NYSE:BAK) Announces Quarterly Earnings Results

Braskem (NYSE:BAK) announced 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 firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.52 billion. Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%.

Braskem Price Performance

NYSE BAK traded down $0.18 during trading hours on Friday, reaching $3.79. The company’s stock had a trading volume of 533,780 shares, compared to its average volume of 835,738. The firm has a fifty day simple moving average of $4.28 and a 200-day simple moving average of $5.44. Braskem has a 52 week low of $3.69 and a 52 week high of $10.98. The stock has a market cap of $1.51 billion, a P/E ratio of -1.07 and a beta of 2.03.

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.