Investing.com - Lufthansa reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lufthansa announced earnings per share of €0.22 on revenue of €8.46B. Analysts polled by Investing.com anticipated EPS of €0.0789 on revenue of €8.01B.
Lufthansa shares are up 59.13% from the beginning of the year and are trading at €6.386 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 9.66% from the start of the year.
Lufthansa shares gained 5.03% in intra-day trade the report.
Lufthansa follows other major Industrials sector earnings this month
Lufthansa's report follows an earnings beat by MTU Aero on Wednesday, July 27, 2022, who reported EPS of €2.14 on revenue of €1.29B, compared to forecasts EPS of €1.87 on revenue of €1.25B.
Traton had beat expectations on Thursday, July 28, 2022 with second quarter EPS of €0.63 on revenue of €9.46B, compared to forecast for EPS of €0.3408 on revenue of €8.78B.
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