Investing.com - Lufthansa reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lufthansa announced earnings per share of €-3.12 on revenue of €2.66B. Analysts polled by Investing.com anticipated EPS of €-2.25 on revenue of €3.73B.
Lufthansa shares are down 51% from the beginning of the year and are trading at €7.988 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.72% from the start of the year.
Lufthansa follows other major Transportation sector earnings this month
Lufthansa's report follows an earnings missed by Fraport AG on Wednesday, who reported EPS of €-3.29 on revenue of €421.8M, compared to forecasts EPS of €-1.38 on revenue of €390.4M.
Befesa had missed expectations on Thursday, July 30, 2020 with second quarter EPS of €0.17 on revenue of €122.2M, compared to forecast for EPS of €0.23 on revenue of €139.35M.
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