Investing.com - Continental AG (OTC:CTTAY) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Continental AG announced earnings per share of €-1.26 on revenue of €9.41B. Analysts polled by Investing.com anticipated EPS of €1.24 on revenue of €9.21B.
Continental AG shares are down 27% from the beginning of the year, still down 40.06% from its 52 week high of €111.96 set on November 16, 2021. They are under-performing the DAX which is down 14.84% from the start of the year.
Continental AG shares lost 3.36% in intra-day trade following the report.
Continental AG follows other major Consumer Discretionary sector earnings this month
Continental AG's report follows an earnings beat by Volkswagen ST on July 28, who reported EPS of €7.46 on revenue of €69.54B, compared to forecasts EPS of €4.19 on revenue of €64.98B.
Volkswagen VZO had beat expectations on July 28 with second quarter EPS of €7.46 on revenue of €69.54B, compared to forecast for EPS of €4.19 on revenue of €64.98B.
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