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 October 29, 2021. They are outperforming the STOXX 600 which is down 14.72% from the start of the year.
Varta follows other major Industrials sector earnings this month
Varta's report follows an earnings missed by Siemens AG on August 11, 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 August 5 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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