Investing.com - MTU Aero reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MTU Aero announced earnings per share of €2.40 on revenue of €2.05B. Analysts polled by Investing.com anticipated EPS of €0.54 on revenue of €748.75M.
MTU Aero shares are down 45% from the beginning of the year and are trading at €139.53 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.55% from the start of the year.
MTU Aero follows other major Capital Goods sector earnings this month
MTU Aero's report follows an earnings beat by Heidelbergcement on Thursday, who reported EPS of €2.15 on revenue of €4.32B, compared to forecasts EPS of €1.37 on revenue of €4.12B.
Kion Group AG had missed expectations on Friday with second quarter EPS of €-0.13 on revenue of €1.9B, compared to forecast for EPS of €-0.03 on revenue of €1.87B.
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