Investing.com - Faurecia reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Faurecia announced earnings per share of €1.31 on revenue of €3.78B. Analysts polled by Investing.com anticipated EPS of €1.76 on revenue of €3.75B.
Faurecia shares are down 10% from the beginning of the year and are trading at €37.31 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 15.57% year to date.
Faurecia follows other major Consumer Discretionary sector earnings this month
Faurecia's report follows an earnings beat by Louis Vuitton on Monday, who reported EPS of €7.4 on revenue of €14.71B, compared to forecasts EPS of €6.05 on revenue of €13.92B.
Michelin had beat expectations on Monday with second quarter EPS of €5.74 on revenue of €11.19B, compared to forecast for EPS of €2.82 on revenue of €5.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar