Continental AG Earnings miss, Revenue beats In Q2 By Investing.com

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Continental AG Earnings miss, Revenue beats In Q2

Published Aug 09, 2022 07:49

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Investing.com - Continental AG (ETR:CONG) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Continental AG announced earnings per share of €-1.26 on revenue of €9.41B. Analysts polled by Investing.com anticipated EPS of €1.24 on revenue of €9.21B.

Continental AG shares are down 27% from the beginning of the year and are trading at €67.11 , down-from-52-week-high.They are under-performing the DAX which is down 14.84% from the start of the year.

Continental AG shares lost 3.36% in intra-day trade the report.

Continental AG follows other major Consumer Discretionary sector earnings this month

Continental AG's report follows an earnings beat by Volkswagen ST on Thursday, July 28, 2022, 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 Thursday, July 28, 2022 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.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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