Investing.com - Rheinmetall AG reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Rheinmetall AG announced earnings per share of €3.81 on revenue of €1.90B. Analysts polled by Investing.com anticipated EPS of €3.56 on revenue of €1.92B.
Rheinmetall AG shares are down 0% from the beginning of the year, still down 8.23% from its 52 week high of €93.80 set on January 21. They are under-performing the STOXX 600 which is up 6.9% from the start of the year.
Rheinmetall AG follows other major Consumer Cyclical sector earnings this month
Rheinmetall AG's report follows an earnings beat by Volkswagen ST on Tuesday, who reported EPS of €13.89 on revenue of €67.4B, compared to forecasts EPS of €11.31 on revenue of €66.69B.
Volkswagen VZO had beat expectations on Tuesday with first quarter EPS of €13.89 on revenue of €67.4B, compared to forecast for EPS of €11.31 on revenue of €66.69B.
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