Investing.com - Air France KLM (OTC:AFLYY) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Air France KLM announced earnings per share of €-0.94 on revenue of €4.45B. Analysts polled by Investing.com anticipated EPS of €-1 on revenue of €4.15B.
Air France KLM shares are up 2% from the beginning of the year, still down 19.60% from its 52 week high of €4.95 set on June 3, 2021. They are outperforming the STOXX 600 which is down 10.16% from the start of the year.
Air France KLM shares lost 100.00% in pre-market trade following the report.
Air France KLM follows other major Industrials sector earnings this month
Air France KLM's report follows an earnings beat by Airbus Group on Wednesday, who reported EPS of €1.55 on revenue of €12B, compared to forecasts EPS of €0.592 on revenue of €12.16B.
Legrand had beat expectations on Thursday with first quarter EPS of €0.9224 on revenue of €1.97B, compared to forecast for EPS of €0.9187 on revenue of €1.85B.
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