Investing.com - Snam reported on Wednesday fourth quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Snam announced earnings per share of €0.06 on revenue of €691.26M. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €661.26M.
Snam shares are down 2% from the beginning of the year, still down 7.19% from its 52 week high of €4.82 set on November 25, 2020. They are under-performing the STOXX 600 which is up 6.65% from the start of the year.
Snam follows other major Utilities sector earnings this month
Snam's report follows an earnings beat by Eni SpA on February 19, who reported EPS of €0.02 on revenue of €11.63B, compared to forecasts EPS of €0.0143 on revenue of €13.77B.
Italgas had beat expectations on March 10 with first quarter EPS of €0.27 on revenue of €356M, compared to forecast for EPS of €0.11 on revenue of €355.9M.
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