Daimler (OTC:DDAIF) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Daimler announced earnings per share of €0.09 on revenue of €37.22B. Analysts polled by anticipated EPS of €0.46 on revenue of €33.82B. That with comparison to EPS of €1.96 on revenue of €39.7B in the same period a year before. Daimler had reported EPS of €-0.1 on revenue of €47.13B in the previous quarter. Analysts are expecting EPS of €0.03 and revenue of €26.31B in the upcoming quarter.
Daimler shares are down 33% from the beginning of the year , still down 44.79% from its 52 week high of €59.26 set on May 2, 2019. They are under-performing the DAX which is down 16.1% year to date.
Daimler follows other major Consumer Cyclical sector earnings this month
Daimler's report follows an earnings missed by Adidas on Monday, who reported EPS of €0.13 on revenue of €4.75B, compared to forecasts EPS of €1.22 on revenue of €4.82B.
Hella KGaA Hueck & Co had missed expectations on Tuesday with third quarter EPS of €0.46 on revenue of €1.53B, compared to forecast for EPS of €0.48 on revenue of €1.5B.
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