Investing.com - Tui reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tui announced earnings per share of €-0.85 on revenue of €649M. Analysts polled by Investing.com anticipated EPS of €-0.3586 on revenue of €1.69B.
Tui shares are up 20.26% from the beginning of the year, still down 28.39% from its 52 week high of €5.47 set on February 25. They are outperforming the EUR/USD which is down 0% from the start of the year.
Tui shares lost 0.10% 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 July 29, who reported EPS of €9.7 on revenue of €67.29B, compared to forecasts EPS of €7.42 on revenue of €61.13B.
Volkswagen VZO had beat expectations on July 29 with second quarter EPS of €9.7 on revenue of €67.29B, compared to forecast for EPS of €7.42 on revenue of €61.13B.
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