Investing.com - Fraport AG reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Fraport AG announced earnings per share of €-0.3273 on revenue of €633.8M. Analysts polled by Investing.com anticipated EPS of €-0.3273 on revenue of €718M.
Fraport AG shares are up 38.35% from the beginning of the year, still down 2.32% from its 52 week high of €69.91 set on November 9. They are outperforming the EUR/USD which is down 0% from the start of the year.
Fraport AG shares gained 1.94% in intra-day trade following the report.
Fraport AG follows other major Industrials sector earnings this month
Fraport AG's report follows an earnings beat by Deutsche Post on Thursday, who reported EPS of €0.87 on revenue of €20.04B, compared to forecasts EPS of €0.8415 on revenue of €17.91B.
MTU Aero had missed expectations on October 28 with third quarter EPS of €1.59 on revenue of €1B, compared to forecast for EPS of €1.6 on revenue of €1B.
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