Investing.com - Volkswagen (DE:VOWG_p) ST reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Volkswagen ST announced earnings per share of €-3.23 on revenue of €41.08B. Analysts polled by Investing.com anticipated EPS of €-3.24 on revenue of €41.01B.
Volkswagen ST shares are down 20% from the beginning of the year and are trading at €137.55 , down-from-52-week-high.They are under-performing the S&P Global (NYSE:SPGI) 100 which is up 1.98% from the start of the year.
Volkswagen ST shares lost 5.92% in intra-day trade the report.
Volkswagen ST follows other major Consumer Cyclical sector earnings this month
Volkswagen ST's report follows an earnings beat by Volkswagen VZO on Thursday, who reported EPS of €-3.23 on revenue of €41.08B, compared to forecasts EPS of €-3.24 on revenue of €41.01B.
Daimler had missed expectations on Thursday, July 23, 2020 with second quarter EPS of €-1.87 on revenue of €30.18B, compared to forecast for EPS of €-1.19 on revenue of €27.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar