Investing.com - Pirelli & C reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pirelli & C announced earnings per share of €-0.02 on revenue of €768.5M. Analysts polled by Investing.com anticipated EPS of €-0.06 on revenue of €760.43M.
Pirelli & C shares are down 30% from the beginning of the year and are trading at €3.5930 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 12.54% from the start of the year.
Pirelli & C shares lost 2.73% in intra-day trade the report.
Pirelli & C follows other major Consumer Cyclical sector earnings this month
Pirelli & C's report follows an earnings beat by Fiat on July 31, who reported EPS of €-0.65 on revenue of €11.71B, compared to forecasts EPS of €-1.35 on revenue of €14B.
Moncler SpA had matched expectations on July 26 with second quarter EPS of €0.17 on revenue of €93.2M, compared to forecast for EPS of €0.17 on revenue of €93.4M.
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