Investing.com - Fraport AG reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fraport AG announced earnings per share of €-0.70 on revenue of €385.0M. Analysts polled by Investing.com anticipated EPS of €-0.7805 on revenue of €387M.
Fraport AG shares are up 30% from the beginning of the year, still down 4.08% from its 52 week high of €61.50 set on May 11. They are outperforming the STOXX 600 which is up 9.42% from the start of the year.
Fraport AG follows other major Transportation sector earnings this month
Fraport AG's report follows an earnings missed by Lufthansa on April 29, who reported EPS of €-1.75 on revenue of €2.56B, compared to forecasts EPS of €-1.73 on revenue of €2.31B.
Befesa had beat expectations on April 27 with first quarter EPS of €0.73 on revenue of €192.6M, compared to forecast for EPS of €0.53 on revenue of €186.9M.
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