Investing.com - Rheinmetall AG reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Rheinmetall AG announced earnings per share of €3.81 on revenue of €1.41B. Analysts polled by Investing.com anticipated EPS of €0.6946 on revenue of €1.36B.
Rheinmetall AG shares are up 2% from the beginning of the year and are trading at €88.460 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 10.85% from the start of the year.
Rheinmetall AG shares gained 1.89% in intra-day trade following the report.
Rheinmetall AG follows other major Consumer Cyclical sector earnings this month
Rheinmetall AG's report follows an earnings missed by Volkswagen ST on Friday, who reported EPS of €6.51 on revenue of €62.38B, compared to forecasts EPS of €6.96 on revenue of €60.86B.
Volkswagen VZO had missed expectations on Friday with first quarter EPS of €6.51 on revenue of €62.38B, compared to forecast for EPS of €6.96 on revenue of €60.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar