Investing.com - Air France KLM reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Air France KLM announced earnings per share of €-0.055 on revenue of €6.71B. Analysts polled by Investing.com anticipated EPS of €-0.0829 on revenue of €6.29B.
Air France KLM shares are down 30% from the beginning of the year and are trading at €1.35 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.11% from the start of the year.
Air France KLM shares gained 5.29% in intra-day trade the report.
Air France KLM follows other major Industrials sector earnings this month
Air France KLM's report follows an earnings missed by Airbus Group on Wednesday, who reported EPS of €0.87 on revenue of €12.81B, compared to forecasts EPS of €1.19 on revenue of €13.84B.
Thales had missed expectations on July 21 with second quarter EPS of €2.14 on revenue of €4.05B, compared to forecast for EPS of €3.66 on revenue of €4.19B.
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