Investing.com - Vopak reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vopak announced earnings per share of €0.55 on revenue of €315M. Analysts polled by Investing.com anticipated EPS of €0.67 on revenue of €321.4M.
Vopak shares are down 1% from the beginning of the year, still down 32.38% from its 52 week high of €44.81 set on February 16, 2021. They are outperforming the STOXX 600 which is down 4.35% from the start of the year.
Vopak shares lost 3.81% in intra-day trade following the report.
Vopak follows other major Energy sector earnings this month
Vopak's report follows an earnings beat by Shell on February 3, who reported EPS of €0.727 on revenue of €74.69B, compared to forecasts EPS of €0.5903 on revenue of €58.9B.
Core Laboratories had missed expectations on February 2 with fourth quarter EPS of €0.1752 on revenue of €109.6M, compared to forecast for EPS of €0.1759 on revenue of €107.1M.
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