Investing.com - Eni SpA reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eni SpA announced earnings per share of €1 on revenue of €32.49B. Analysts polled by Investing.com anticipated EPS of €0.7104 on revenue of €23.61B.
Eni SpA shares are down 8% from the beginning of the year, still down 9.84% from its 52 week high of €14.85 set on March 3. They are under-performing the BEL 20 which is down 4.73% from the start of the year.
Eni SpA follows other major Energy sector earnings this month
Eni SpA's report follows an earnings beat by Saipem Pref on April 21, who reported EPS of €-0.0985 on revenue of €1.94B, compared to forecasts EPS of €-0.1 on revenue of €1.94B.
Tenaris had beat expectations on Wednesday with first quarter EPS of €0.4041 on revenue of €2.25B, compared to forecast for EPS of €0.2806 on revenue of €2.11B.
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