Investing.com - Volkswagen (ETR:VOWG_p) ST reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Volkswagen ST announced earnings per share of €7.46 on revenue of €69.54B. Analysts polled by Investing.com anticipated EPS of €3.59 on revenue of €64.53B.
Volkswagen ST shares are down 17% from the beginning of the year, still down 41.09% from its 52 week high of €313.00 set on August 12, 2021. They are under-performing the IBEX 35 which is down 7.99% from the start of the year.
Volkswagen ST shares gained 2.18% 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 missed by Daimler on Wednesday, who reported EPS of €2.91 on revenue of €36.44B, compared to forecasts EPS of €3.02 on revenue of €35.53B.
Puma SE had beat expectations on Wednesday with second quarter EPS of €0.56 on revenue of €2B, compared to forecast for EPS of €0.4759 on revenue of €1.86B.
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