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Tenaris Earnings, Revenue Beat in Q2

Aug 05, 2021 02:23AM ET
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Investing.com - Tenaris reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Tenaris announced earnings per share of $0.211 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $0.0681 on revenue of $1.15B.

Tenaris shares are up 29% from the beginning of the year, still down 14.00% from its 52 week high of $9.99 set on May 18. They are outperforming the STOXX 600 which is up 17.34% from the start of the year.

Tenaris follows other major Energy sector earnings this month

Tenaris's report follows an earnings beat by Eni SpA on Saturday, who reported EPS of $0.26 on revenue of $14.48B, compared to forecasts EPS of $0.1481 on revenue of $13.88B.

Saipem Pref had missed expectations on July 30 with second quarter EPS of $-0.1493 on revenue of $1.58B, compared to forecast for EPS of $-0.1142 on revenue of $1.64B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Tenaris Earnings, Revenue Beat in Q2
 

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