Investing.com - Legrand reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Legrand announced earnings per share of €0.69 on revenue of €1.66B. Analysts polled by Investing.com anticipated EPS of €0.67 on revenue of €1.5B.
Legrand shares are down 7% from the beginning of the year and are trading at €67.40 , down-from-52-week-high.They are outperforming the CAC 40 which is down 16.91% from the start of the year.
Legrand shares gained 1.97% in intra-day trade the report.
Legrand follows other major Technology sector earnings this month
Legrand's report follows an earnings beat by Dassault Systemes on Thursday, October 22, 2020, who reported EPS of €0.8 on revenue of €1.03B, compared to forecasts EPS of €0.78 on revenue of €1.07B.
STMicroelectronics had missed expectations on Thursday, October 22, 2020 with third quarter EPS of €0.22 on revenue of €2.25B, compared to forecast for EPS of €0.24 on revenue of €2.24B.
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