Investing.com - GEA Group AG reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GEA Group AG announced earnings per share of €0.32 on revenue of €1.23B. Analysts polled by Investing.com anticipated EPS of €0.239 on revenue of €1.27B.
GEA Group AG shares are up 14% from the beginning of the year and are trading at €30.745 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 3.23% from the start of the year.
GEA Group AG shares lost 100.00% in pre-market trade the report.
GEA Group AG follows other major Capital Goods sector earnings this month
GEA Group AG's report follows an earnings beat by Siemens Energy AG on Wednesday, who reported EPS of €0.2 on revenue of €6.54B, compared to forecasts EPS of €0.119 on revenue of €6.55B.
MTU Aero had missed expectations on Thursday, February 18, 2021 with fourth quarter EPS of €0.625 on revenue of €1.02B, compared to forecast for EPS of €1.27 on revenue of €1.07B.
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