Investing.com - Lufthansa reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lufthansa announced earnings per share of €-1.72 on revenue of €2.59B. Analysts polled by Investing.com anticipated EPS of €-2.34 on revenue of €2.74B.
Lufthansa shares are up 14% from the beginning of the year and are trading at €12.375 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 3.23% from the start of the year.
Lufthansa shares lost 100.00% in pre-market trade the report.
Lufthansa follows other major Transportation sector earnings this month
Lufthansa's report follows an earnings beat by Befesa on Tuesday, February 23, 2021, who reported EPS of €0.58 on revenue of €158M, compared to forecasts EPS of €0.53 on revenue of €120.6M.
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