Investing.com - Stellantis NV reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stellantis NV announced earnings per share of €0.99 on revenue of €26.95B. Analysts polled by Investing.com anticipated EPS of €0.6929 on revenue of €26.18B.
Stellantis NV shares are down 6.21% from the beginning of the year, still down 4.17% from its 52 week high of €14.35 set on March 3. They are under-performing the STOXX 600 which is up 2.88% from the start of the year.
Stellantis NV follows other major Consumer Cyclical sector earnings this month
Stellantis NV's report follows an earnings beat by Moncler SpA on February 18, who reported EPS of €0.4778 on revenue of €675.3M, compared to forecasts EPS of €0.305 on revenue of €622.24M.
Piaggio&C had matched expectations on Tuesday with first quarter EPS of €0.01 on revenue of €320M, compared to forecast for EPS of €0.01 on revenue of €318.5M.
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