Investing.com - Volkswagen (DE:VOWG_p) ST reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Volkswagen ST announced earnings per share of €0.78 on revenue of €55.05B. Analysts polled by Investing.com anticipated EPS of €1.11 on revenue of €53.81B. That with comparison to EPS of €5.78 on revenue of €60.01B in the same period a year before.Volkswagen ST had reported EPS of €5.35 on revenue of €66.02B in the previous quarter.Analysts are expecting EPS of €-1.98 and revenue of €33.23B in the upcoming quarter.
Volkswagen ST shares are down 15% from the beginning of the year and are trading at €147.15 , down-from-52-week-high.They are under-performing the S&P Global (NYSE:SPGI) 100 which is down 10.36% year to date.
Volkswagen ST follows other major Consumer Cyclical sector earnings this month
Volkswagen ST's report follows an earnings missed by Volkswagen VZO on Wednesday, who reported EPS of €0.78 on revenue of €55.05B, compared to forecasts EPS of €1.11 on revenue of €53.81B.
Adidas had missed expectations on Monday with first quarter EPS of €0.13 on revenue of €4.75B, compared to forecast for EPS of €1.22 on revenue of €4.82B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar