Fraport AG Earnings Beat, Revenue Misses In Q2
Investing.com
Published Aug 04, 2021 08:18AM ET
Investing.com - Fraport AG reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fraport AG announced earnings per share of €0.92 on revenue of €425.9M. Analysts polled by Investing.com anticipated EPS of €-0.7805 on revenue of €518.8M.
Fraport AG shares are up 15% from the beginning of the year, still down 16.06% from its 52 week high of €64.76 set on June 15. They are under-performing the OMX Helsinki 25 which is up 24.1% from the start of the year.
Fraport AG shares lost 1.65% in intra-day trade following the report.
h2 Fraport AG follows other major Industrials sector earnings this month/h2Fraport AG's report follows an earnings beat by Kion Group AG on July 27, who reported EPS of €1.17 on revenue of €2.59B, compared to forecasts EPS of €1.14 on revenue of €2.53B.
MTU Aero had beat expectations on Saturday with second quarter EPS of €1.43 on revenue of €1.02B, compared to forecast for EPS of €1.22 on revenue of €1.03B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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Written By: Investing.com
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