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Altri Earnings, Revenue Miss in Q1

Published 03/24/2022, 04:07 AM

Investing.com - Altri reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Altri announced earnings per share of €0.17 on revenue of €158.1M. Analysts polled by Investing.com anticipated EPS of €0.18 on revenue of €234M.

Altri shares are up 5% from the beginning of the year, still down 13.02% from its 52 week high of €6.80 set on March 31, 2021. They are outperforming the PSI 20 which is up 3.68% from the start of the year.

Altri shares gained 0.17% in intra-day trade following the report.

Altri follows other major Materials sector earnings this month

Altri's report follows an earnings beat by Corticeira Amorim on February 24, who reported EPS of €0.13 on revenue of €200.7M, compared to forecasts EPS of €0.12 on revenue of €182.4M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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