Investing.com - BMW ST (DE:BMWG) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
BMW ST announced earnings per share of €1.91 on revenue of €29.48B. Analysts polled by Investing.com anticipated EPS of €2.4 on revenue of €29.59B.
BMW ST shares are up 9% from the beginning of the year and are trading at €85.200 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 6.51% from the start of the year.
BMW ST follows other major Consumer Cyclical sector earnings this month
BMW ST's report follows an earnings beat by Volkswagen ST on Tuesday, who reported EPS of €13.88 on revenue of €67.4B, compared to forecasts EPS of €11.31 on revenue of €66.69B.
Volkswagen VZO had beat expectations on Tuesday with first quarter EPS of €13.88 on revenue of €67.4B, compared to forecast for EPS of €11.31 on revenue of €66.69B.
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