Porsche earnings, Revenue miss in Q2

  • Investing.com
Porsche earnings, Revenue miss in Q2
Credit: © Reuters.

Investing.com - Porsche reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Porsche announced earnings per share of €-1.07 on revenue of €50.00M. Analysts polled by Investing.com anticipated EPS of €6.11 on revenue of €51.50M.

Porsche shares are down 21% from the beginning of the year and are trading at €52.020 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.31% year to date.

Porsche follows other major Consumer Cyclical sector earnings this month

Porsche's report follows an earnings beat by Volkswagen ST on Tuesday, July 28, 2020, who reported EPS of €-3.23 on revenue of €41.08B, compared to forecasts EPS of €-3.69 on revenue of €41.19B.

Volkswagen VZO had beat expectations on Tuesday, July 28, 2020 with second quarter EPS of €-3.23 on revenue of €41.08B, compared to forecast for EPS of €-3.69 on revenue of €41.19B.

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

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