Fraport AG earnings miss, Revenue beats in Q1

  • Investing.com
Fraport AG earnings miss, Revenue beats in Q1

Investing.com - Fraport AG reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Fraport AG announced earnings per share of €-1.51 on revenue of €359.5M. Analysts polled by Investing.com anticipated EPS of €-1.21 on revenue of €355M.

Fraport AG shares are up 55% from the beginning of the year and are trading at €52.775 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 4.65% year to date.

Fraport AG shares lost 100.00% in pre-market trade the report.

Fraport AG follows other major Transportation sector earnings this month

Fraport AG's report follows an earnings beat by Knorr-Bremse on Thursday, March 4, 2021, who reported EPS of €0.7752 on revenue of €1.57B, compared to forecasts EPS of €0.6682 on revenue of €1.58B.

Lufthansa had beat expectations on Wednesday, March 3, 2021 with first quarter EPS of €-1.66 on revenue of €2.59B, compared to forecast for EPS of €-2.27 on revenue of €2.66B.

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