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

Braskem (NYSE:BAK) posted its quarterly earnings data on Thursday. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01), Zacks reports. Braskem had a negative return on equity of 439.59% and a negative net margin of 9.88%.

Braskem Stock Performance

NYSE BAK traded down $0.05 during mid-day trading on Thursday, reaching $4.04. 893,574 shares of the stock were exchanged, compared to its average volume of 833,134. The stock has a market capitalization of $1.61 billion, a PE ratio of -1.14 and a beta of 2.03. Braskem has a 1-year low of $3.69 and a 1-year high of $10.98. The business’s fifty day simple moving average is $4.28 and its 200 day simple moving average is $5.45.

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.