Investing.com - Lufthansa reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lufthansa announced earnings per share of €0.0378 on revenue of €5.83B. Analysts polled by Investing.com anticipated EPS of €-0.0844 on revenue of €6.03B.
Lufthansa shares are down 0% from the beginning of the year, still down 32.23% from its 52 week high of €9.17 set on March 3, 2021. They are outperforming the STOXX 600 which is down 8.8% from the start of the year.
Lufthansa shares lost 6.20% in intra-day trade following the report.
Lufthansa follows other major Industrials sector earnings this month
Lufthansa's report follows an earnings beat by Siemens AG on February 10, who reported EPS of €2.04 on revenue of €16.5B, compared to forecasts EPS of €1.86 on revenue of €16.06B.
Siemens Energy AG had missed expectations on February 9 with first quarter EPS of €-0.18 on revenue of €5.96B, compared to forecast for EPS of €0.1462 on revenue of €5.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar