Investing.com - Rheinmetall AG reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Rheinmetall AG announced earnings per share of €1.45 on revenue of €1.26B. Analysts polled by Investing.com anticipated EPS of €1.35 on revenue of €1.3B.
Rheinmetall AG shares are up 1% from the beginning of the year, still down 6.65% from its 52 week high of €93.80 set on January 21. They are under-performing the STOXX 600 which is up 21.15% 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 BMW Pref on Wednesday, who reported EPS of €5.54 on revenue of €27.47B, compared to forecasts EPS of €3.46 on revenue of €25.56B.
Traton had beat expectations on October 28 with third quarter EPS of €0.81 on revenue of €8.05B, compared to forecast for EPS of €0.5532 on revenue of €6.6B.
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