Investing.com - Varta reported on Friday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Varta announced earnings per share of €-0.08 on revenue of €191.5M. Analysts polled by Investing.com anticipated EPS of €0.21 on revenue of €191.5M.
Varta shares are up 34.73% from the beginning of the year , still down 51.56% from its 52 week high of €135.60 set on Friday, October 29, 2021. They are outperforming the STOXX 600 which is down 14.72% year to date.
Varta follows other major Industrials sector earnings this month
Varta's report follows an earnings missed by Siemens AG on Thursday, August 11, 2022, who reported EPS of €-2.06 on revenue of €17.87B, compared to forecasts EPS of €-0.6429 on revenue of €17.37B.
Deutsche Post had beat expectations on Friday, August 5, 2022 with second quarter EPS of €1.17 on revenue of €24.03B, compared to forecast for EPS of €0.9957 on revenue of €21.83B.
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