Investing.com - Bouygues (EPA:BOUY) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Bouygues announced earnings per share of €-0.3727 on revenue of €8.2B. Analysts polled by Investing.com anticipated EPS of €-0.2786 on revenue of €7.98B.
Bouygues shares are down 2% from the beginning of the year, still down 17.33% from its 52 week high of €37.22 set on September 28, 2021. They are outperforming the CAC 40 which is down 14.65% from the start of the year.
Bouygues shares lost 1.47% in intra-day trade following the report.
Bouygues follows other major Industrials sector earnings this month
Bouygues's report follows an earnings beat by Airbus Group on May 4, who reported EPS of €1.55 on revenue of €12B, compared to forecasts EPS of €0.6092 on revenue of €12.04B.
Legrand had beat expectations on May 5 with first quarter EPS of €1.05 on revenue of €1.97B, compared to forecast for EPS of €0.9108 on revenue of €1.85B.
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