Investing.com - Nexans reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nexans announced earnings per share of €1.85 on revenue of €1.54B. Analysts polled by Investing.com anticipated EPS of €2.55 on revenue of €1.59B.
Nexans shares are up 19% from the beginning of the year, still down 11.54% from its 52 week high of €92.70 set on November 17, 2021. They are outperforming the STOXX 600 which is down 4.11% from the start of the year.
Nexans follows other major Industrials sector earnings this month
Nexans's report follows an earnings beat by Vinci on February 4, who reported EPS of €3.31 on revenue of €13.55B, compared to forecasts EPS of €3.01 on revenue of €13.44B.
Legrand had missed expectations on February 10 with fourth quarter EPS of €0.76 on revenue of €1.83B, compared to forecast for EPS of €0.7877 on revenue of €1.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar