Investing.com - Faurecia reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Faurecia announced earnings per share of €-3.16 on revenue of €2.27B. Analysts polled by Investing.com anticipated EPS of €-0.77 on revenue of €2.22B.
Faurecia shares are down 23% from the beginning of the year and are trading at €36.96 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 11.95% from the start of the year.
Faurecia follows other major Consumer Cyclical sector earnings this month
Faurecia's report follows an earnings missed by Louis Vuitton on Sunday, who reported EPS of €1.03 on revenue of €7.79B, compared to forecasts EPS of €7.82 on revenue of €7.61B.
Plastic Omnium had missed expectations on July 21 with second quarter EPS of €-2.77 on revenue of €932M, compared to forecast for EPS of €-0.20 on revenue of €773M.
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