Investing.com - GEA Group AG reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GEA Group AG announced earnings per share of €0.39 on revenue of €1.07B. Analysts polled by Investing.com anticipated EPS of €0.2367 on revenue of €1.08B.
GEA Group AG shares are up 30% from the beginning of the year, still down 2.91% from its 52 week high of €37.34 set on April 29. They are outperforming the STOXX 600 which is up 9.42% from the start of the year.
GEA Group AG follows other major Capital Goods sector earnings this month
GEA Group AG's report follows an earnings missed by Siemens Energy AG on May 5, who reported EPS of €0.08 on revenue of €6.48B, compared to forecasts EPS of €0.2103 on revenue of €6.74B.
Heidelbergcement had matched expectations on Friday with first quarter EPS of €0.87 on revenue of €3.96B, compared to forecast for EPS of €0.87 on revenue of €3.9B.
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