Investing.com - BMW ST (ETR:BMWG) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BMW ST announced earnings per share of €4.3 on revenue of €34.77B. Analysts polled by Investing.com anticipated EPS of €3.67 on revenue of €34.2B.
BMW ST shares are down 12% from the beginning of the year, still down 23.23% from its 52 week high of €100.42 set on January 14. They are outperforming the Euro Stoxx 50 which is down 13.88% from the start of the year.
BMW ST shares lost 4.91% in intra-day trade following the report.
BMW ST follows other major Consumer Discretionary sector earnings this month
BMW ST's report follows an earnings beat by Volkswagen ST on July 28, who reported EPS of €7.46 on revenue of €69.54B, compared to forecasts EPS of €4.19 on revenue of €64.98B.
Volkswagen VZO had beat expectations on July 28 with second quarter EPS of €7.46 on revenue of €69.54B, compared to forecast for EPS of €4.19 on revenue of €64.98B.
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