Investing.com - Porsche reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Porsche announced earnings per share of €9.63 on revenue of €3.00B. Analysts polled by Investing.com anticipated EPS of €5.15 on revenue of €66.00M.
Porsche shares are up 55% from the beginning of the year and are trading at €87.420 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 6.08% from the start of the year.
Porsche follows other major Consumer Cyclical sector earnings this month
Porsche's report follows an earnings beat by Volkswagen ST on Tuesday, March 16, 2021, who reported EPS of €13.89 on revenue of €67.4B, compared to forecasts EPS of €13.88 on revenue of €67.4B.
Volkswagen VZO had beat expectations on Tuesday, March 16, 2021 with first quarter EPS of €13.89 on revenue of €67.4B, compared to forecast for EPS of €13.88 on revenue of €67.4B.
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