Michelin earnings, Revenue beat in Q2

  • Investing.com
Michelin earnings, Revenue beat in Q2

Investing.com - Michelin (PA: MICP ) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Michelin announced earnings per share of €5.74 on revenue of €11.19B. Analysts polled by Investing.com anticipated EPS of €2.82 on revenue of €5.41B.

Michelin shares are up 28% from the beginning of the year and are trading at €135.25 , down-from-52-week-high.They are outperforming the CAC 40 which is up 18.5% year to date.

Michelin follows other major Consumer Discretionary sector earnings this month

Michelin'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.

Valeo had missed expectations on Thursday with second quarter EPS of €0.38 on revenue of €4.33B, compared to forecast for EPS of €0.95 on revenue of €4.37B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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