Investing.com - Continental AG (OTC:CTTAY) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Continental AG announced earnings per share of €1.3 on revenue of €5.6B. Analysts polled by Investing.com anticipated EPS of €-0.156 on revenue of €8.74B.
Continental AG shares are down 29% from the beginning of the year, still down 44.79% from its 52 week high of €118.65 set on June 7, 2021. They are under-performing the STOXX 600 which is down 10.93% from the start of the year.
Continental AG follows other major Consumer Discretionary sector earnings this month
Continental AG's report follows an earnings beat by Daimler on February 24, who reported EPS of €11.82 on revenue of €43.39B, compared to forecasts EPS of €3 on revenue of €43.86B.
Adidas had beat expectations on Wednesday with first quarter EPS of €0.58 on revenue of €5.14B, compared to forecast for EPS of €0.2928 on revenue of €5.18B.
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