Investing.com - Kering (PA:PRTP) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kering announced earnings per share of €11.71 on revenue of €4.16B. Analysts polled by Investing.com anticipated EPS of €8.57 on revenue of €3.88B.
Kering shares are up 23% from the beginning of the year, still down 4.98% from its 52 week high of €769.50 set on June 18. They are outperforming the STOXX 600 which is up 14.94% from the start of the year.
Kering follows other major Consumer Discretionary sector earnings this month
Kering's report follows an earnings beat by Louis Vuitton on Monday, who reported EPS of €7.4 on revenue of €14.71B, compared to forecasts EPS of €6.05 on revenue of €13.92B.
Michelin had beat expectations on Monday with second quarter EPS of €5.74 on revenue of €11.19B, compared to forecast for EPS of €2.82 on revenue of €5.41B.
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