MTU Aero reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MTU Aero announced earnings per share of €2.1 on revenue of €1.27B. Analysts polled by anticipated EPS of €2.37 on revenue of €1.24B. That with comparison to EPS of €2.42 on revenue of €1.13B in the same period a year before. MTU Aero had reported EPS of €2.8 on revenue of €1.23B in the previous quarter. Analysts are expecting EPS of €1.58 and revenue of €858.93M in the upcoming quarter.
MTU Aero shares are down 51% from the beginning of the year , still down 57.58% from its 52 week high of €289.30 set on January 24. They are under-performing the STOXX 600 which is down 18.35% year to date.
MTU Aero follows other major Capital Goods sector earnings this month
MTU Aero's report follows an earnings missed by Kion Group AG on Tuesday, who reported EPS of €0.66 on revenue of €2.03B, compared to forecasts EPS of €0.74 on revenue of €2.02B.
Bauer AG had matched expectations on April 9 with first quarter EPS of €-2.44 on revenue of €411.3M (NYSE:MMM), compared to forecast for EPS of €-2.44 on revenue of €450.00M.
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