Investing.com - Tui reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Tui announced earnings per share of €-0.21 on revenue of €2.13B. Analysts polled by Investing.com anticipated EPS of €-0.0755 on revenue of €1.74B.
Tui shares are down 1.52% from the beginning of the year, still down 39.20% from its 52 week high of €4.38 set on June 2, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Tui shares gained 4.93% in intra-day trade following the report.
Tui follows other major Consumer Discretionary sector earnings this month
Tui's report follows an earnings beat by Volkswagen ST on May 4, who reported EPS of €13.05 on revenue of €62.74B, compared to forecasts EPS of €10.35 on revenue of €61.21B.
Volkswagen VZO had beat expectations on May 4 with first quarter EPS of €13.05 on revenue of €62.74B, compared to forecast for EPS of €10.35 on revenue of €61.21B.
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