Investing.com - Prysmian reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Prysmian announced earnings per share of €0.20 on revenue of €3.44B. Analysts polled by Investing.com anticipated EPS of €0.4738 on revenue of €3.18B.
Prysmian shares are down 11% from the beginning of the year and are trading at €29.2500 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.32% from the start of the year.
Prysmian shares lost 100.00% in pre-market trade the report.
Prysmian follows other major Industrials sector earnings this month
Prysmian's report follows an earnings missed by Iveco NV on Tuesday, February 8, 2022, who reported EPS of €-0.08 on revenue of €3.38B, compared to forecasts EPS of €0.125 on revenue of €3.38B.
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