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 €9.7 on revenue of €67.29B. Analysts polled by Investing.com anticipated EPS of €5.6 on revenue of €61.13B.
Volkswagen ST shares are down 20% from the beginning of the year and are trading at €280.30 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 16.15% from the start of the year.
Volkswagen ST shares gained 1.26% in intra-day trade the report.
Volkswagen ST follows other major Consumer Discretionary sector earnings this month
Volkswagen ST's report follows an earnings beat by Volkswagen VZO on Thursday, who reported EPS of €9.7 on revenue of €67.29B, compared to forecasts EPS of €5.6 on revenue of €61.13B.
Daimler had beat expectations on Wednesday, July 21, 2021 with second quarter EPS of €3.36 on revenue of €43.48B, compared to forecast for EPS of €2.88 on revenue of €42.17B.
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