Investing.com - Terna reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Terna announced earnings per share of €0.1 on revenue of €644.4M. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €637.05M.
Terna shares are up 2.6% from the beginning of the year, still down 6.91% from its 52 week high of €8.34 set on April 11. They are outperforming the STOXX 600 which is down 12.35% from the start of the year.
Terna shares lost 100.00% in pre-market trade following the report.
Terna follows other major Utilities sector earnings this month
Terna's report follows an earnings beat by Enel on May 5, who reported EPS of €0.14 on revenue of €34.96B, compared to forecasts EPS of €0.1293 on revenue of €18.4B.
Italgas had matched expectations on May 2 with first quarter EPS of €0.104 on revenue of €354M, compared to forecast for EPS of €0.104 on revenue of €341.35M.
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