Investing.com - BMW ST (DE:BMWG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BMW ST announced earnings per share of €3.35 on revenue of €28.41B. Analysts polled by Investing.com anticipated EPS of €3.32 on revenue of €27.69B.
BMW ST shares are down 23% from the beginning of the year and are trading at €77.225 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is down 10.73% from the start of the year.
BMW ST shares gained 2.53% in intra-day trade following the report.
BMW ST follows other major Consumer Discretionary sector earnings this month
BMW ST's report follows an earnings beat by Volkswagen ST on Thursday, March 10, 2022, who reported EPS of €7.94 on revenue of €63.6B, compared to forecasts EPS of €6.29 on revenue of €63.97B.
Volkswagen VZO had beat expectations on Thursday, March 10, 2022 with first quarter EPS of €7.94 on revenue of €63.6B, compared to forecast for EPS of €6.29 on revenue of €62.83B.
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