Investing.com - GEA Group AG reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GEA Group AG announced earnings per share of €0.70 on revenue of €1.28B. Analysts polled by Investing.com anticipated EPS of €0.4889 on revenue of €1.31B.
GEA Group AG shares are down 20.98% from the beginning of the year and are trading at €38.000 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 10.34% from the start of the year.
GEA Group AG follows other major Industrials sector earnings this month
GEA Group AG's report follows an earnings beat by Siemens AG on Thursday, February 10, 2022, who reported EPS of €2.04 on revenue of €16.5B, compared to forecasts EPS of €1.86 on revenue of €16.06B.
Siemens Energy AG had missed expectations on Wednesday, February 9, 2022 with first quarter EPS of €-0.18 on revenue of €5.96B, compared to forecast for EPS of €0.1462 on revenue of €5.96B.
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