Investing.com - Deutsche Post (OTC:DPSGY) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Deutsche Post announced earnings per share of €1.08 on revenue of €22.59B. Analysts polled by Investing.com anticipated EPS of €0.9309 on revenue of €20.54B.
Deutsche Post shares are down 28% from the beginning of the year, still down 33.88% from its 52 week high of €61.38 set on August 31, 2021. They are under-performing the Euro Stoxx 50 which is down 12.56% from the start of the year.
Deutsche Post shares gained 0.63% in intra-day trade following the report.
Deutsche Post follows other major Industrials sector earnings this month
Deutsche Post's report follows an earnings beat by MTU Aero on Friday, who reported EPS of €1.74 on revenue of €1.18B, compared to forecasts EPS of €1.52 on revenue of €1.13B.
Kion Group AG had missed expectations on Thursday with first quarter EPS of €0.61 on revenue of €2.73B, compared to forecast for EPS of €0.8772 on revenue of €2.64B.
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