Investing.com - GEA Group AG reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
GEA Group AG announced earnings per share of €0.17 on revenue of €1.09B. Analysts polled by Investing.com anticipated EPS of €0.2 on revenue of €1.07B. That with comparison to EPS of €0.11 on revenue of €1.06B in the same period a year before. GEA Group AG had reported EPS of €-0.05 on revenue of €1.34B in the previous quarter. Analysts are expecting EPS of €0.24 and revenue of €1.24B in the upcoming quarter.
GEA Group AG shares are down 20.39% from the beginning of the year , still down 22.59% from its 52 week high of €30.32 set on December 27, 2019. They are outperforming the STOXX 600 which is down 21.19% year to date.
GEA Group AG follows other major Capital Goods sector earnings this month
GEA Group AG's report follows an earnings beat by Heidelbergcement on May 7, who reported EPS of €-0.36 on revenue of €3.93B, compared to forecasts EPS of €-0.7 on revenue of €3.96B.
MTU Aero had missed expectations on April 30 with first quarter EPS of €2.1 on revenue of €1.27B, compared to forecast for EPS of €2.41 on revenue of €1.24B.
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