Investing.com - Legrand reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Legrand announced earnings per share of €0.44 on revenue of €1.24B. Analysts polled by Investing.com anticipated EPS of €0.49 on revenue of €1.25B.
Legrand shares are down 9% from the beginning of the year and are trading at €66.10 , down-from-52-week-high.They are outperforming the CAC 40 which is down 19.3% from the start of the year.
Legrand shares lost 4.70% in intra-day trade the report.
Legrand follows other major Technology sector earnings this month
Legrand's report follows an earnings missed by Schneider Electric on Wednesday, who reported EPS of €1.39 on revenue of €5.75B, compared to forecasts EPS of €2.47 on revenue of €5.37B.
Dassault Systemes had beat expectations on Thursday, July 23, 2020 with second quarter EPS of €0.8 on revenue of €1.07B, compared to forecast for EPS of €0.76 on revenue of €1.07B.
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