Investing.com - Pirelli & C reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pirelli & C announced earnings per share of €0.0818 on revenue of €1.41B. Analysts polled by Investing.com anticipated EPS of €0.0768 on revenue of €1.32B.
Pirelli & C shares are up 25% from the beginning of the year, still down 1.17% from its 52 week high of €5.63 set on November 11. They are outperforming the STOXX 600 which is up 21.62% from the start of the year.
Pirelli & C follows other major Consumer Cyclical sector earnings this month
Pirelli & C's report follows an earnings missed by Stellantis NV on October 28, who reported EPS of €1.03 on revenue of €32.55B, compared to forecasts EPS of €1.06 on revenue of €32.2B.
Moncler SpA had beat expectations on October 28 with third quarter EPS of €1.01 on revenue of €555.5M, compared to forecast for EPS of €0.973 on revenue of €529.7M.
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