Investing.com - Terna reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Terna announced earnings per share of €0.2 on revenue of €1.33B. Analysts polled by Investing.com anticipated EPS of €0.11 on revenue of €591.19M.
Terna shares are up 15% from the beginning of the year, still down 4.50% from its 52 week high of €6.62 set on June 19, 2020. They are outperforming the STOXX 600 which is up 5.64% from the start of the year.
Terna shares lost 0.03% in intra-day trade following the report.
Terna follows other major Capital Goods sector earnings this month
Terna's report follows an earnings beat by Tenaris on February 24, who reported EPS of €0.0736 on revenue of €925.23M, compared to forecasts EPS of €-0.0007 on revenue of €872.1M.
Leonardo had missed expectations on March 10 with first quarter EPS of €0.183 on revenue of €4.39B, compared to forecast for EPS of €0.4423 on revenue of €4.4B.
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