Amrize falls on Q2 earnings miss, lowered guidance

** Shares in Amrize are seen down 5% in Julius Baer pre-market indications after the building materials supplier reported Q2 earnings below expectations

** Jefferies says Q2 revenue was 3.3% ahead of consensus but weaker margins in Building Materials resulted in Q2 group adjusted EBITDA of $986m, 2% below consensus

** Amrize lowered FY adj. EBITDA guidance to $3.1-3.2 bln from $3.25-3.34 bln

** "Lower than anticipated profitability in Materials on oil-price driven cost inflation," Vontobel says, adding that the temporary lag before pricing catches up will weigh on profitability in H2