Investing.com - Pirelli & C reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pirelli & C announced earnings per share of €0.11 on revenue of €1.68B. Analysts polled by Investing.com anticipated EPS of €0.0965 on revenue of €1.56B.
Pirelli & C shares are down 30% from the beginning of the year, still down 36.76% from its 52 week high of €6.73 set on January 17. They are under-performing the STOXX 600 which is down 9.99% from the start of the year.
Pirelli & C follows other major Consumer Discretionary sector earnings this month
Pirelli & C's report follows an earnings beat by Stellantis NV on July 28, who reported EPS of €1.3 on revenue of €46.52B, compared to forecasts EPS of €1.19 on revenue of €43.21B.
Moncler SpA had matched expectations on July 27 with second quarter EPS of €0.3577 on revenue of €328.5M, compared to forecast for EPS of €0.3577 on revenue of €330.34M.
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