Investing.com - Schneider Electric (PA:SCHN) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Schneider Electric announced earnings per share of €2.78 on revenue of €7.05B. Analysts polled by Investing.com anticipated EPS of €2.81 on revenue of €7.02B.
Schneider Electric shares are down 23% from the beginning of the year and are trading at €141.30 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 15.72% from the start of the year.
Schneider Electric follows other major Industrials sector earnings this month
Schneider Electric's report follows an earnings beat by Airbus Group on Thursday, who reported EPS of €1.79 on revenue of €14.18B, compared to forecasts EPS of €1.44 on revenue of €13.71B.
Safran had beat expectations on Wednesday with second quarter EPS of €1.53 on revenue of €3.53B, compared to forecast for EPS of €1.00 on revenue of €6,821M.
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