Investing.com - Volkswagen (ETR:VOWG_p) ST reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Volkswagen ST announced earnings per share of €13.05 on revenue of €62.74B. Analysts polled by Investing.com anticipated EPS of €8.58 on revenue of €61.55B.
Volkswagen ST shares are down 19% from the beginning of the year, still down 33.63% from its 52 week high of €314.00 set on June 7, 2021. They are under-performing the S&P Global 100 which is down 10.57% from the start of the year.
Volkswagen ST shares gained 0.87% in intra-day trade following the report.
Volkswagen ST follows other major Consumer Discretionary sector earnings this month
Volkswagen ST's report follows an earnings beat by Volkswagen VZO on Wednesday, who reported EPS of €13.05 on revenue of €62.74B, compared to forecasts EPS of €8.58 on revenue of €61.55B.
Daimler had beat expectations on April 27 with first quarter EPS of €3.26 on revenue of €34.86B, compared to forecast for EPS of €3.15 on revenue of €33.33B.
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