Investing.com - MTU Aero reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MTU Aero announced earnings per share of €0.28 on revenue of €907.8M. Analysts polled by Investing.com anticipated EPS of €1.2 on revenue of €886.48M.
MTU Aero shares are up 37% from the beginning of the year and are trading at €145.00 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 17.81% from the start of the year.
MTU Aero follows other major Capital Goods sector earnings this month
MTU Aero's report follows an earnings missed by Hochtief AG on Thursday, October 15, 2020, who reported EPS of €1.97 on revenue of €5.96B, compared to forecasts EPS of €2.04 on revenue of €3.13B.
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