Investing.com - Daimler reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Daimler announced earnings per share of €4.01 on revenue of €41.02B. Analysts polled by Investing.com anticipated EPS of €2.29 on revenue of €39.86B.
Daimler shares are up 29% from the beginning of the year and are trading at €74.770 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 12.77% from the start of the year.
Daimler shares gained 1.44% in intra-day trade the report.
Daimler follows other major Consumer Cyclical sector earnings this month
Daimler's report follows an earnings beat by Hella KGaA Hueck & Co on Wednesday, April 14, 2021, who reported EPS of €1.52 on revenue of €1.55B, compared to forecasts EPS of €0.8382 on revenue of €1.52B.
Cewe Color had beat expectations on Thursday, March 25, 2021 with first quarter EPS of €7.17 on revenue of €314.0M, compared to forecast for EPS of €4.94 on revenue of €280.9M.
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