Investing.com - Volkswagen (DE:VOWG_p) ST reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Volkswagen ST announced earnings per share of €6.51 on revenue of €62.38B. Analysts polled by Investing.com anticipated EPS of €6.96 on revenue of €60.86B.
Volkswagen ST shares are up 52% from the beginning of the year and are trading at €259.50 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 9.72% from the start of the year.
Volkswagen ST shares lost 0.27% in intra-day trade following the report.
Volkswagen ST follows other major Consumer Cyclical sector earnings this month
Volkswagen ST's report follows an earnings beat by Daimler on Friday, April 23, 2021, who reported EPS of €4.01 on revenue of €41.02B, compared to forecasts EPS of €3.07 on revenue of €40.45B.
Continental AG had beat expectations on Thursday with first quarter EPS of €2.24 on revenue of €10.26B, compared to forecast for EPS of €1.57 on revenue of €10.31B.
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