Investing.com - GEA Group AG reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
GEA Group AG announced earnings per share of €0.22 on revenue of €1.16B. Analysts polled by Investing.com anticipated EPS of €0.18 on revenue of €1.14B.
GEA Group AG shares are down 10% from the beginning of the year and are trading at €30.375 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is down 9.85% from the start of the year.
GEA Group AG follows other major Capital Goods sector earnings this month
GEA Group AG's report follows an earnings beat by Heidelbergcement on July 30, who reported EPS of €2.15 on revenue of €4.32B, compared to forecasts EPS of €1.37 on revenue of €4.12B.
MTU Aero had beat expectations on August 2 with second quarter EPS of €0.63 on revenue of €776M, compared to forecast for EPS of €0.54 on revenue of €751.46M.
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