Investing.com - Airbus Group (PA:AIR) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Airbus Group announced earnings per share of €-0.36 on revenue of €10.63B. Analysts polled by Investing.com anticipated EPS of €0.52 on revenue of €12.25B. That with comparison to EPS of €0.47 on revenue of €12.55B in the same period a year before.Airbus Group had reported EPS of €-4.56 on revenue of €24.31B in the previous quarter.
Airbus Group shares are up 3% from the beginning of the year and are trading at €58.39 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is down 8.31% year to date.
Airbus Group follows other major Capital Goods sector earnings this month
Airbus Group's report follows an earnings missed by Valeo on Thursday, April 23, 2020, who reported EPS of €0.16 on revenue of €4.49B, compared to forecasts EPS of €0.17 on revenue of €4.32B.
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