Investing.com - Snam reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Snam announced earnings per share of €0.09 on revenue of €686M. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €668.59M.
Snam shares are down 6% from the beginning of the year, still down 14.19% from its 52 week high of €5.11 set on February 12. They are outperforming the STOXX 600 which is down 11.93% from the start of the year.
Snam follows other major Utilities sector earnings this month
Snam's report follows an earnings beat by Enel on Thursday, who reported EPS of €0.24 on revenue of €9.45B, compared to forecasts EPS of €0.11 on revenue of €18.04B.
ENI had beat expectations on October 28 with third quarter EPS of €-0.04 on revenue of €12.57B, compared to forecast for EPS of €-0.05 on revenue of €13.42B.
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