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Airbus reported quarterly profits that halved from a year ago late Tuesday, as deliveries of its best-selling aircraft slowed.
First-quarter sales came in at 12.65 billion euros ($14.82 billion) while earnings per share (EPS) were 74 euro cents. Analysts polled by FactSet had expected sales of 12.58 billion euros and EPS of 44 euro cents.
On an adjusted basis, operating profit declined by 52% to 300 million euros, down from 624 million euros in the same period last year and far below FactSet expectations of 378 million euros.
Airbus had already disclosed that it delivered 114 commercial aircraft in the first quarter, versus 136 aircraft in the same quarter last year.
