Covestro (OTCMKTS:COVTY) Announces Earnings Results, Misses Estimates By $0.30 EPS

Covestro (OTCMKTS:COVTY) posted its quarterly earnings data on Wednesday. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.30), Zacks reports.

Covestro Trading Up 0.5 %

COVTY stock traded up $0.15 during trading on Wednesday, reaching $30.81. 12,029 shares of the stock were exchanged, compared to its average volume of 10,434. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of -41.64 and a beta of 1.17. The business has a 50 day moving average price of $29.58 and a 200-day moving average price of $30.33. Covestro has a 1 year low of $24.12 and a 1 year high of $32.60.

About Covestro

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.