Market Overview

Airbus Group Posts Drop In Core Operating Profit, Reaffirms Forecast

Share:
Related EADSY
Commercial Aircraft Makers See Orders Slump At Paris Airshow
One Web Pulls Ahead In The Internet Space Race
Boeing, Airbus vie on SpiceJet (Investor's Business Daily)

Airbus Group (OTC: EADSY) posted a decline in its first-quarter core earnings and reaffirmed its forecast for the year.

Airbus Group's quarterly operating income, excluding one-time items, declined 4.6% to 700 million euros ($963 million).

Its revenue gained 5% to 12.6 billion. However, analysts were estimating operating income of 644 million euros on revenue of 12.4 billion.

Its revenue at Airbus Helicopters jumped 14% in the quarter.

Airbus Group shares gained 1.70% to close at $17.02 yesterday.

Posted-In: profitEarnings News

 

Related Articles (EADSY)

Get Benzinga's Newsletters