Investing.com - GEA Group AG reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
GEA Group AG announced earnings per share of €0.24 on revenue of €1.15B. Analysts polled by Investing.com anticipated EPS of €0.34 on revenue of €1.16B.
GEA Group AG shares are down 51% from the beginning of the year and are trading at €28.675 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.72% from the start of the year.
GEA Group AG follows other major Capital Goods sector earnings this month
GEA Group AG's report follows an earnings missed by MTU Aero on Wednesday, October 28, 2020, who reported EPS of €1.01 on revenue of €907.8M, compared to forecasts EPS of €1.2 on revenue of €882.38M.
Kion Group AG had beat expectations on Tuesday, October 27, 2020 with third quarter EPS of €0.72 on revenue of €2.07B, compared to forecast for EPS of €0.49 on revenue of €2.06B.
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