Investing.com - Snam reported on Wednesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Snam announced earnings per share of €0.10 on revenue of €717.0M. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €713.59M.
Snam shares are up 3% from the beginning of the year, still down 1.29% from its 52 week high of €4.82 set on November 25, 2020. They are under-performing the STOXX 600 which is up 9.75% from the start of the year.
Snam follows other major Utilities sector earnings this month
Snam's report follows an earnings beat by Enel on May 7, who reported EPS of €0.1526 on revenue of €17.11B, compared to forecasts EPS of €0.119 on revenue of €17.25B.
Eni SpA had missed expectations on April 30 with first quarter EPS of €0.08 on revenue of €14.49B, compared to forecast for EPS of €0.1444 on revenue of €13.62B.
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