Investing.com - Varta AG reported on Friday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Varta AG 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 AG shares are up 34.73% from the beginning of the year, still down 52.78% from its 52 week high of €135.10 set on October 29, 2021. They are outperforming the STOXX 600 which is down 14.72% from the start of the year.
Varta AG follows other major Information Technology sector earnings this month
Varta AG's report follows an earnings beat by Bechtle AG on August 11, who reported EPS of €0.5 on revenue of €1.42B, compared to forecasts EPS of €0.4357 on revenue of €1.34B.
Aixtron had beat expectations on August 17 with second quarter EPS of €0.16 on revenue of €102.48M, compared to forecast for EPS of €0.13 on revenue of €94.48M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar