Investing.com - Volkswagen (ETR:VOWG_p) ST reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Volkswagen ST announced earnings per share of €7.46 on revenue of €69.54B. Analysts polled by Investing.com anticipated EPS of €3.59 on revenue of €64.53B.
Volkswagen ST shares are down 28% from the beginning of the year and are trading at €184.40 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 13.83% from the start of the year.
Volkswagen ST shares gained 2.19% in intra-day trade the report.
Volkswagen ST follows other major Consumer Discretionary sector earnings this month
Volkswagen ST's report follows an earnings missed by Daimler on Wednesday, who reported EPS of €2.91 on revenue of €36.44B, compared to forecasts EPS of €3.02 on revenue of €35.53B.
Puma SE had beat expectations on Wednesday with second quarter EPS of €0.56 on revenue of €2B, compared to forecast for EPS of €0.4759 on revenue of €1.86B.
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