Investing.com - Shell (LON:RDSa) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Shell announced earnings per share of €1.14 on revenue of €79.83B. Analysts polled by Investing.com anticipated EPS of €1.02 on revenue of €73.4B.
Shell shares are up 40% from the beginning of the year, still down 0.84% from its 52 week high of €27.27 set on May 5. They are outperforming the STOXX 600 which is down 9.52% from the start of the year.
Shell shares gained 2.64% in intra-day trade following the report.
Shell follows other major Energy sector earnings this month
Shell's report follows an earnings beat by Core Laboratories on April 27, who reported EPS of €0.0761 on revenue of €109.64M, compared to forecasts EPS of €0.0577 on revenue of €103.43M.
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