Investing.com - GEA Group AG reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GEA Group AG announced earnings per share of €0.43 on revenue of €1.13B. Analysts polled by Investing.com anticipated EPS of €0.3968 on revenue of €1.14B.
GEA Group AG shares are down 26.35% from the beginning of the year and are trading at €35.420 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.56% from the start of the year.
GEA Group AG shares lost 2.93% in intra-day trade following the report.
GEA Group AG follows other major Industrials sector earnings this month
GEA Group AG's report follows an earnings beat by Deutsche Post on Tuesday, who reported EPS of €1.08 on revenue of €22.59B, compared to forecasts EPS of €0.9309 on revenue of €20.54B.
MTU Aero had beat expectations on Friday, April 29, 2022 with first quarter EPS of €1.74 on revenue of €1.18B, compared to forecast for EPS of €1.52 on revenue of €1.13B.
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