Investing.com - Twin Disc (NASDAQ:TWIN) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Twin Disc announced earnings per share of $0.58 on revenue of $75.97M. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $72.55M.
Twin Disc shares are down 19.95% from the beginning of the year, still down 36.32% from its 52 week high of $18.20 set on March 24. They are outperforming the Nasdaq which is down 24.67% from the start of the year.
Twin Disc follows other major Industrials sector earnings this month
Twin Disc's report follows an earnings missed by Deere&Company on August 19, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
Siemens ADR had missed expectations on August 11 with third quarter EPS of $-1.07 on revenue of $18.48B, compared to forecast for EPS of $-0.3269 on revenue of $17.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar