Investing.com - Rheinmetall AG reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rheinmetall AG announced earnings per share of €1.21 on revenue of €1.41B. Analysts polled by Investing.com anticipated EPS of €1.53 on revenue of €1.42B.
Rheinmetall AG shares are up 100% from the beginning of the year, still down 26.79% from its 52 week high of €227.90 set on June 30. They are outperforming the STOXX 600 which is down 10.68% from the start of the year.
Rheinmetall AG follows other major Industrials sector earnings this month
Rheinmetall AG's report follows an earnings beat by Deutsche Post on Friday, who reported EPS of €1.17 on revenue of €24.03B, compared to forecasts EPS of €0.9836 on revenue of €22.31B.
MTU Aero had beat expectations on July 27 with second quarter EPS of €2.14 on revenue of €1.29B, compared to forecast for EPS of €1.87 on revenue of €1.25B.
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