Investing.com - Leonardo reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Leonardo announced earnings per share of €0.183 on revenue of €4.39B. Analysts polled by Investing.com anticipated EPS of €0.4784 on revenue of €4.37B.
Leonardo shares are up 19% from the beginning of the year, still down 14.04% from its 52 week high of €8.25 set on March 10, 2020. They are outperforming the STOXX 600 which is up 5.36% from the start of the year.
Leonardo follows other major Capital Goods sector earnings this month
Leonardo's report follows an earnings beat by Tenaris on February 24, who reported EPS of €0.0736 on revenue of €925.23M, compared to forecasts EPS of €-0.0007 on revenue of €872.1M.
Gvs had beat expectations on March 3 with first quarter EPS of €0.18 on revenue of €109.74M, compared to forecast for EPS of €0.16 on revenue of €100.25M.
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