Investing.com - MTU Aero reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MTU Aero announced earnings per share of €1.08 on revenue of €989M. Analysts polled by Investing.com anticipated EPS of €1.07 on revenue of €976.81M.
MTU Aero shares are up 15% from the beginning of the year and are trading at €210.05 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 9.53% from the start of the year.
MTU Aero follows other major Capital Goods sector earnings this month
MTU Aero's report follows an earnings beat by Kion Group AG on Thursday, who reported EPS of €1.04 on revenue of €2.38B, compared to forecasts EPS of €0.8669 on revenue of €2.29B.
WashTec AG had beat expectations on Wednesday with first quarter EPS of €0.15 on revenue of €84.8M, compared to forecast for EPS of €0.04 on revenue of €81M.
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