Investing.com - Fraport AG reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fraport AG announced earnings per share of €0.0664 on revenue of €574.41M. Analysts polled by Investing.com anticipated EPS of €0.0329 on revenue of €570.61M.
Fraport AG shares are down 16.23% from the beginning of the year, still down 29.08% from its 52 week high of €69.90 set on November 9, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Fraport AG shares lost 7.34% 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 March 9, who reported EPS of €1.42 on revenue of €23.38B, compared to forecasts EPS of €1.17 on revenue of €21.74B.
Hapag Lloyd AG had missed expectations on Thursday with first quarter EPS of €16.13 on revenue of €7.3B, compared to forecast for EPS of €20.82 on revenue of €7.3B.
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