Investing.com - Prysmian reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Prysmian announced earnings per share of €0.48 on revenue of €3.68B. Analysts polled by Investing.com anticipated EPS of €0.2936 on revenue of €3.32B.
Prysmian shares are down 15% from the beginning of the year, still down 21.49% from its 52 week high of €35.55 set on November 18, 2021. They are under-performing the STOXX 600 which is down 13% from the start of the year.
Prysmian follows other major Industrials sector earnings this month
Prysmian's report follows an earnings beat by Leonardo on May 5, who reported EPS of €0.129 on revenue of €3.01B, compared to forecasts EPS of €0.0238 on revenue of €2.93B.
Enav had beat expectations on April 21 with first quarter EPS of €0.0348 on revenue of €205.75M, compared to forecast for EPS of €0.03 on revenue of €219.58M.
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