Investing.com - Lufthansa reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Lufthansa announced earnings per share of €-0.49 on revenue of €5.36B. Analysts polled by Investing.com anticipated EPS of €-0.487 on revenue of €5.36B.
Lufthansa shares are up 19% from the beginning of the year, still down 9.41% from its 52 week high of €8.16 set on May 10, 2021. They are outperforming the STOXX 600 which is down 9.52% from the start of the year.
Lufthansa shares gained 4.10% in intra-day trade following the report.
Lufthansa follows other major Industrials sector earnings this month
Lufthansa's report follows an earnings beat by Deutsche Post on Tuesday, who reported EPS of €1.08 on revenue of €22.59B, compared to forecasts EPS of €0.9309 on revenue of €20.54B.
MTU Aero had beat expectations on April 29 with first quarter EPS of €1.74 on revenue of €1.18B, compared to forecast for EPS of €1.52 on revenue of €1.13B.
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