Investing.com - Tui reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tui announced earnings per share of €-1.3 on revenue of €2.79B. Analysts polled by Investing.com anticipated EPS of €-0.12 on revenue of €3.12B. That with comparison to EPS of €-0.34 on revenue of €3.1B in the same period a year before. Tui had reported EPS of €-0.22 on revenue of €3.85B in the previous quarter. Analysts are expecting EPS of €0.17 and revenue of €4.25B in the upcoming quarter.
Tui shares are down 74% from the beginning of the year , still down 77.06% from its 52 week high of €12.72 set on November 29, 2019. They are under-performing the STOXX 600 which is down 19.43% year to date.
Tui shares lost 2.77% in intra-day trade following the report.
Tui follows other major Services sector earnings this month
Tui's report follows an earnings missed by Deutsche Post on Wednesday, who reported EPS of €0.24 on revenue of €15.49B, compared to forecasts EPS of €0.39 on revenue of €15.4B.
Vonovia had matched expectations on May 5 with first quarter EPS of €0.6 on revenue of €564M, compared to forecast for EPS of €0.6 on revenue of €556.78M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar