Investing.com - MTU Aero reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MTU Aero announced earnings per share of €1.44 on revenue of €2.00B. Analysts polled by Investing.com anticipated EPS of €1.22 on revenue of €1.03B.
MTU Aero shares are down 1% from the beginning of the year and are trading at €211.20 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 15.72% from the start of the year.
MTU Aero follows other major Industrials sector earnings this month
MTU Aero's report follows an earnings beat by WashTec AG on Wednesday, who reported EPS of €0.745 on revenue of €110.2M, compared to forecasts EPS of €0.56 on revenue of €110.20M.
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