Investing.com - Schneider Electric (PA:SCHN) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Schneider Electric announced earnings per share of €1.39 on revenue of €11.58B. Analysts polled by Investing.com anticipated EPS of €2.47 on revenue of €5.37B.
Schneider Electric shares are up 12% from the beginning of the year and are trading at €102.50 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.63% from the start of the year.
Schneider Electric follows other major Technology sector earnings this month
Schneider Electric's report follows an earnings beat by Dassault Systemes on July 23, who reported EPS of €0.8 on revenue of €1.07B, compared to forecasts EPS of €0.76 on revenue of €1.07B.
STMicroelectronics had beat expectations on July 23 with second quarter EPS of €0.09 on revenue of €1.8B, compared to forecast for EPS of €0.05 on revenue of €1.79B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar