Porsche earnings, Revenue beat in Q2

  • Investing.com
Porsche earnings, Revenue beat in Q2

Investing.com - Porsche reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Porsche announced earnings per share of €8.05 on revenue of €2.57B. Analysts polled by Investing.com anticipated EPS of €4.28 on revenue of €53.50M.

Porsche shares are up 58% from the beginning of the year and are trading at €89.580 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 18.37% year to date.

Porsche follows other major Consumer Cyclical sector earnings this month

Porsche's report follows an earnings beat by BMW Pref on Tuesday, August 3, 2021, who reported EPS of €7.23 on revenue of €28.58B, compared to forecasts EPS of €4.3 on revenue of €27.15B.

Traton had matched expectations on Wednesday, July 28, 2021 with second quarter EPS of €1.06 on revenue of €7.08B, compared to forecast for EPS of €1.06 on revenue of €7.08B.

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