Rheinmetall AG earnings miss, Revenue beats in Q1

  • Investing.com
Rheinmetall AG earnings miss, Revenue beats in Q1
Credit: © Reuters.

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

Rheinmetall AG announced earnings per share of €0.30 on revenue of €1.36B. Analysts polled by Investing.com anticipated EPS of €0.36 on revenue of €1.34B. That with comparison to EPS of €0.74 on revenue of €1.34B in the same period a year before.Rheinmetall AG had reported EPS of €3.99 on revenue of €1.96B in the previous quarter.Analysts are expecting EPS of €0.88 and revenue of €1.4B in the upcoming quarter.

Rheinmetall AG shares are down 35% from the beginning of the year and are trading at €66.460 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 18.12% year to date.

Rheinmetall AG follows other major Consumer Cyclical sector earnings this month

Rheinmetall AG's report follows an earnings beat by Volkswagen ST on Wednesday, April 29, 2020, who reported EPS of €0.78 on revenue of €55.05B, compared to forecasts EPS of €0.64 on revenue of €54.01B.

Volkswagen VZO had beat expectations on Wednesday, April 29, 2020 with first quarter EPS of €0.78 on revenue of €55.05B, compared to forecast for EPS of €0.64 on revenue of €54.01B.

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