Investing.com - Nexans reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nexans announced earnings per share of €2.93 on revenue of €3.03B. Analysts polled by Investing.com anticipated EPS of €1.65 on revenue of €1.39B.
Nexans shares are down 2% from the beginning of the year and are trading at €71.15 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 4.49% from the start of the year.
Nexans shares gained 1.07% in intra-day trade the report.
Nexans follows other major Basic Materials sector earnings this month
Nexans's report follows an earnings missed by Air Liquide on Wednesday, February 10, 2021, who reported EPS of €2.56 on revenue of €5.23B, compared to forecasts EPS of €2.7 on revenue of €5.2B.
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