Investing.com - MTU Aero reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
MTU Aero announced earnings per share of €2.28 on revenue of €1.18B. Analysts polled by Investing.com anticipated EPS of €1.88 on revenue of €1.28B.
MTU Aero shares are up 16% from the beginning of the year and are trading at €208.35 , down-from-52-week-high.They are outperforming the DAX which is down 3.11% from the start of the year.
MTU Aero follows other major Industrials sector earnings this month
MTU Aero's report follows an earnings beat by Siemens AG on Thursday, February 10, 2022, who reported EPS of €2.04 on revenue of €16.5B, compared to forecasts EPS of €1.86 on revenue of €16.06B.
Siemens Energy AG had missed expectations on Wednesday, February 9, 2022 with first quarter EPS of €-0.18 on revenue of €5.96B, compared to forecast for EPS of €0.1462 on revenue of €5.96B.
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