Valeo Earnings, Revenue miss In Q2

  • Investing.com
Valeo Earnings, Revenue miss In Q2

Investing.com - Valeo (PA: VLOF ) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Valeo announced earnings per share of €0.02 on revenue of €2.57B. Analysts polled by Investing.com anticipated EPS of €0.18 on revenue of €3.09B.

Valeo shares are down 22% from the beginning of the year and are trading at €24.23 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.41% from the start of the year.

Valeo follows other major Capital Goods sector earnings this month

Valeo's report follows an earnings matched by Kaufman Et Broad on Thursday, July 9, 2020, who reported EPS of €0.38 on revenue of €86M, compared to forecasts EPS of €0.38 on revenue of €224.35M.

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