Investing.com - Tenaris reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tenaris announced earnings per share of $-0.52 on revenue of $1.62B. Analysts polled by Investing.com anticipated EPS of $0.11 on revenue of $1.65B. That with comparison to EPS of $0.18 on revenue of $1.67B in the same period a year before. Tenaris had reported EPS of $0.12 on revenue of $1.61B in the previous quarter. Analysts are expecting EPS of $0.07 and revenue of $1.45B in the upcoming quarter.
Tenaris shares are down 33% from the beginning of the year , still down 47.36% from its 52 week high of $12.67 set on May 20, 2019. They are under-performing the STOXX 600 which is down 16.64% year to date.
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