Investing.com - Rheinmetall AG reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Rheinmetall AG announced earnings per share of €0.30 on revenue of €1.24B. Analysts polled by Investing.com anticipated EPS of €-0.77 on revenue of €1.14B.
Rheinmetall AG shares are down 32% from the beginning of the year, still down 31.87% from its 52 week high of €118.60 set on September 26, 2019. They are under-performing the Euro Stoxx 50 which is down 13.48% 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 July 28, who reported EPS of €-3.23 on revenue of €41.08B, compared to forecasts EPS of €-3.69 on revenue of €41.19B.
Volkswagen VZO had beat expectations on July 28 with second quarter EPS of €-3.23 on revenue of €41.08B, compared to forecast for EPS of €-3.69 on revenue of €41.19B.
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