Investing.com - Tui reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tui announced earnings per share of €-0.0357 on revenue of €3.37B. Analysts polled by Investing.com anticipated EPS of €-0.7618 on revenue of €3.2B.
Tui shares are down 20.21% from the beginning of the year, still down 43.99% from its 52 week high of €4.64 set on February 25. They are under-performing the EUR/USD which is down 0% from the start of the year.
Tui follows other major Consumer Discretionary sector earnings this month
Tui's report follows an earnings missed by Adidas on November 10, who reported EPS of €2.34 on revenue of €5.75B, compared to forecasts EPS of €2.46 on revenue of €5.84B.
Continental AG had beat expectations on November 10 with third quarter EPS of €1.55 on revenue of €8B, compared to forecast for EPS of €0.7463 on revenue of €8.09B.
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