0838 GMT - Airbus shares edge higher Friday after the European plane maker posted better-than-expected results for the first quarter and stuck to its guidance for the year. Shares in Paris are up 4.6% at 153.78 euros early Friday, two days after the company reported results. The stock reacted on Friday as the Paris stock exchange was closed for the May Day holiday Thursday. Airbus reported 13.54 billion euros in revenue, up 6% on year. Net profit grew 33% to 793 million euros, while adjusted EBIT increased 8% to 624 million euros. Analysts had forecast revenue of 12.95 billion euros, net profit of 516 million euros and adjusted EBIT of 602 million euros, according to a market consensus provided by the company. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 04:38 ET (08:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.