Investing.com - Stellantis NV reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stellantis NV announced earnings per share of €1.03 on revenue of €41.48B. Analysts polled by Investing.com anticipated EPS of €0.8576 on revenue of €36.47B.
Stellantis NV shares are down 21.47% from the beginning of the year and are trading at €13.104 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.52% from the start of the year.
Stellantis NV shares gained 2.20% in intra-day trade the report.
Stellantis NV follows other major Consumer Discretionary sector earnings this month
Stellantis NV's report follows an earnings beat by Moncler SpA on Thursday, who reported EPS of €0.5049 on revenue of €589.9M, compared to forecasts EPS of €0.5001 on revenue of €540.76M.
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