Investing.com - EasyJet reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
EasyJet announced earnings per share of £-57.2 on revenue of £1.5B. Analysts polled by Investing.com anticipated EPS of £-67.48 on revenue of £664M.
EasyJet shares are down 8.25% from the beginning of the year and are trading at £510.12 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
EasyJet shares gained 1.72% in intra-day trade the report.
EasyJet follows other major Industrials sector earnings this month
EasyJet's report follows an earnings missed by Larsen&Toubro on Thursday, May 12, 2022, who reported EPS of £0.3325 on revenue of £6.82B, compared to forecasts EPS of £0.3542 on revenue of £6.99B.
IAG had missed expectations on Friday, May 6, 2022 with first quarter EPS of £-0.163 on revenue of £3.44B, compared to forecast for EPS of £-0.1617 on revenue of £3.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar