Clariant shares edge up after Q2 earnings beat
BUZZ-Clariant shares edge up after Q2 earnings beat ** Shares in Clariant CLN.S edge up 2.5% after the Swiss chemical company's earnings exceeded expectations
** The company posted adjusted EBITDA at 171.1 million Swiss francs (211.99 million), beating analysts' forecast of 152 million francs seen in a company-provided poll
** "Restructuring and major cost-cutting efforts supported higher profitability, but slightly slower than expected" Sibylle Bischofberger from Vontobel said
** Clariant extends Thursday's 17% rally after a Dutch court dismissed Shell's SHEL.L damages claim
** Including today's rise the stock has gained 27.09% YTD
($1 = 0.8065 Swiss francs)
(Reporting by Cian Muenster)