Investing.com - Pirelli & C reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pirelli & C announced earnings per share of €0.1388 on revenue of €1.52B. Analysts polled by Investing.com anticipated EPS of €0.0924 on revenue of €1.45B.
Pirelli & C shares are down 26% from the beginning of the year and are trading at €4.4690 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.84% from the start of the year.
Pirelli & C follows other major Consumer Discretionary sector earnings this month
Pirelli & C's report follows an earnings beat by Stellantis NV on Thursday, who reported EPS of €1.13 on revenue of €41.48B, compared to forecasts EPS of €1.03 on revenue of €36.72B.
Moncler SpA had beat expectations on Thursday with first quarter EPS of €0.5097 on revenue of €589.9M, compared to forecast for EPS of €0.5049 on revenue of €558.61M.
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