Investing.com - Lufthansa reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lufthansa announced earnings per share of €0.22 on revenue of €8.46B. Analysts polled by Investing.com anticipated EPS of €0.0789 on revenue of €8.01B.
Lufthansa shares are up 59.13% from the beginning of the year, still down 19.36% from its 52 week high of €7.92 set on February 17. They are outperforming the STOXX 600 which is down 9.66% from the start of the year.
Lufthansa shares gained 5.03% in intra-day trade following the report.
Lufthansa follows other major Industrials sector earnings this month
Lufthansa's report follows an earnings beat by MTU Aero on July 27, who reported EPS of €2.14 on revenue of €1.29B, compared to forecasts EPS of €1.87 on revenue of €1.25B.
Traton had beat expectations on July 28 with second quarter EPS of €0.63 on revenue of €9.46B, compared to forecast for EPS of €0.3408 on revenue of €8.78B.
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