Investing.com - Gamesa reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Gamesa announced earnings per share of €-0.55 on revenue of €2.18B. Analysts polled by Investing.com anticipated EPS of €-0.2554 on revenue of €2.25B.
Gamesa shares are up 2% from the beginning of the year, still down 51.72% from its 52 week high of €29.00 set on June 29, 2021. They are outperforming the STOXX 600 which is down 10.16% from the start of the year.
Gamesa shares lost 100.00% in pre-market trade following the report.
Gamesa follows other major Industrials sector earnings this month
Gamesa's report follows an earnings missed by Aena on Tuesday, who reported EPS of €-0.64 on revenue of €683.91M, compared to forecasts EPS of €0.00 on revenue of €680.98M.
Fluidra had beat expectations on Thursday with first quarter EPS of €0.52 on revenue of €667M, compared to forecast for EPS of €0.427 on revenue of €597.05M.
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