Investing.com - Tui reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tui announced earnings per share of €-0.85 on revenue of €649M. Analysts polled by Investing.com anticipated EPS of €-0.3586 on revenue of €1.69B.
Tui shares are up 20.26% from the beginning of the year and are trading at €3.917 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Tui shares lost 0.10% 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 29, who reported EPS of €9.7 on revenue of €67.29B, compared to forecasts EPS of €7.42 on revenue of €61.13B.
Volkswagen VZO had beat expectations on July 29 with second quarter EPS of €9.7 on revenue of €67.29B, compared to forecast for EPS of €7.42 on revenue of €61.13B.
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