Investing.com - Lufthansa reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lufthansa announced earnings per share of €-1.72 on revenue of €2.59B. Analysts polled by Investing.com anticipated EPS of €-2.34 on revenue of €2.74B.
Lufthansa shares are up 14% from the beginning of the year and are trading at €12.375 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 3.23% from the start of the year.
Lufthansa shares lost 100.00% in pre-market trade following the report.
Lufthansa follows other major Transportation sector earnings this month
Lufthansa's report follows an earnings beat by Befesa on Tuesday, February 23, 2021, who reported EPS of €0.58 on revenue of €158M, compared to forecasts EPS of €0.53 on revenue of €120.6M.
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