Pirelli & C Earnings, Revenue miss In Q1

  • Investing.com
Pirelli & C Earnings, Revenue miss In Q1
Credit: © Reuters.

Investing.com - Pirelli & C reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Pirelli & C announced earnings per share of €0.04 on revenue of €1.05B. Analysts polled by Investing.com anticipated EPS of €0.05 on revenue of €1.06B. That with comparison to EPS of €0.1 on revenue of €1.31B in the same period a year before.Pirelli & C had reported EPS of €0.08 on revenue of €1.29B in the previous quarter.Analysts are expecting EPS of €-0.01 and revenue of €852.14M in the upcoming quarter.

Pirelli & C shares are down 29% from the beginning of the year and are trading at €3.6160 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 21.11% year to date.

Pirelli & C shares gained 0.58% in intra-day trade the report.

Pirelli & C follows other major Consumer Cyclical sector earnings this month

Pirelli & C's report follows an earnings missed by Fiat on Tuesday, May 5, 2020, who reported EPS of €-0.3 on revenue of €20.57B, compared to forecasts EPS of €-0.25 on revenue of €20.57B.

Moncler SpA had missed expectations on Wednesday, April 22, 2020 with first quarter EPS of €0.22 on revenue of €310.1M, compared to forecast for EPS of €0.23 on revenue of €319.14M.

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