Investing.com - Pirelli & C reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pirelli & C announced earnings per share of €0.10 on revenue of €1.24B. Analysts polled by Investing.com anticipated EPS of €0.0561 on revenue of €1.15B.
Pirelli & C shares are up 3% from the beginning of the year, still down 13.66% from its 52 week high of €5.32 set on March 31. They are under-performing the STOXX 600 which is up 9.75% from the start of the year.
Pirelli & C follows other major Consumer Cyclical sector earnings this month
Pirelli & C's report follows an earnings matched by Stellantis NV on May 5, who reported EPS of €0.4356 on revenue of €37B, compared to forecasts EPS of €0.4356 on revenue of €35.8B.
Moncler SpA had missed expectations on April 21 with first quarter EPS of €-0.0019 on revenue of €365.46M, compared to forecast for EPS of €0.0107 on revenue of €362.99M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar