Investing.com - Tui reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Tui announced earnings per share of €-0.21 on revenue of €2.13B. Analysts polled by Investing.com anticipated EPS of €-0.0755 on revenue of €1.74B.
Tui shares are down 1.52% from the beginning of the year and are trading at €2.660 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Tui shares gained 4.93% in intra-day trade the report.
Tui follows other major Consumer Discretionary sector earnings this month
Tui's report follows an earnings beat by Volkswagen ST on May 4, who reported EPS of €13.05 on revenue of €62.74B, compared to forecasts EPS of €10.35 on revenue of €61.21B.
Volkswagen VZO had beat expectations on May 4 with first quarter EPS of €13.05 on revenue of €62.74B, compared to forecast for EPS of €10.35 on revenue of €61.21B.
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