Investing.com - Thales reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Thales announced earnings per share of €2.53 on revenue of €4.97B. Analysts polled by Investing.com anticipated EPS of €3.27 on revenue of €4,925M.
Thales shares are up 2% from the beginning of the year, still down 3.96% from its 52 week high of €111.20 set on March 1. They are outperforming the STOXX 600 which is down 10.34% from the start of the year.
Thales follows other major Industrials sector earnings this month
Thales's report follows an earnings beat by Airbus Group on February 17, who reported EPS of €1.49 on revenue of €16.99B, compared to forecasts EPS of €1.27 on revenue of €17.11B.
Schneider Electric had missed expectations on February 17 with fourth quarter EPS of €2.89 on revenue of €7.91B, compared to forecast for EPS of €3.02 on revenue of €7.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar