Investing.com - Rheinmetall AG reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rheinmetall AG announced earnings per share of €1.69 on revenue of €1.82B. Analysts polled by Investing.com anticipated EPS of €3.81 on revenue of €1.83B.
Rheinmetall AG shares are up 96% from the beginning of the year, still down 1.84% from its 52 week high of €166.05 set on March 17. They are outperforming the STOXX 600 which is down 7.65% from the start of the year.
Rheinmetall AG follows other major Industrials sector earnings this month
Rheinmetall AG's report follows an earnings missed by Hapag Lloyd AG on March 10, who reported EPS of €16.13 on revenue of €7.3B, compared to forecasts EPS of €20.82 on revenue of €7.3B.
Deutsche Post had beat expectations on March 9 with first quarter EPS of €1.42 on revenue of €23.38B, compared to forecast for EPS of €1.17 on revenue of €21.74B.
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