Investing.com – Schneider Electric (PA:SCHN) reported on Friday second quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Schneider Electric announced earnings per share of €2.78 on revenue of €7.05B. Analysts polled by Investing.com anticipated EPS of €2.81 on revenue of €7.02B.
Schneider Electric shares are down 23% from the beginning of the year and are trading at €141.30 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 15.72% year to date.
Schneider Electric follows other major Industrials sector earnings this month
Schneider Electric’s report follows an earnings beat by Airbus Group on Thursday, who reported EPS of €1.79 on revenue of €14.18B, compared to forecasts EPS of €1.44 on revenue of €13.71B.
Safran had beat expectations on Wednesday with second quarter EPS of €1.53 on revenue of €3.53B, compared to forecast for EPS of €1.00 on revenue of €6,821M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.