Investing.com - Tui reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Tui announced earnings per share of €-0.22 on revenue of €4.43B. Analysts polled by Investing.com anticipated EPS of €-0.02 on revenue of €4.3B.
Tui shares are down 38.28% from the beginning of the year and are trading at €1.667 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Tui shares lost 1.77% in intra-day trade the report.
Tui follows other major Consumer Discretionary sector earnings this month
Tui's report follows an earnings beat by Volkswagen ST on July 28, who reported EPS of €7.46 on revenue of €69.54B, compared to forecasts EPS of €4.19 on revenue of €64.98B.
Volkswagen VZO had beat expectations on July 28 with second quarter EPS of €7.46 on revenue of €69.54B, compared to forecast for EPS of €4.19 on revenue of €64.98B.
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