Investing.com - Bechtle reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Bechtle announced earnings per share of €0.97 on revenue of €1.31B. Analysts polled by Investing.com anticipated EPS of €0.95 on revenue of €1.33B.
Bechtle shares are up 30.03% from the beginning of the year, still down 3.81% from its 52 week high of €170.60 set on July 21. They are outperforming the EUR/USD which is down 0% from the start of the year.
Bechtle follows other major Technology sector earnings this month
Bechtle's report follows an earnings beat by SAP on July 27, who reported EPS of €1.17 on revenue of €6.74B, compared to forecasts EPS of €1.12 on revenue of €6.72B.
Infineon had beat expectations on August 4 with third quarter EPS of €0.13 on revenue of €2.17B, compared to forecast for EPS of €0.05 on revenue of €2.07B.
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