Investing.com - Legrand reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Legrand announced earnings per share of €0.9212 on revenue of €1.97B. Analysts polled by Investing.com anticipated EPS of €0.9187 on revenue of €1.85B.
Legrand shares are down 0% from the beginning of the year, still down 19.06% from its 52 week high of €104.45 set on January 3. They are outperforming the STOXX 600 which is down 9.52% from the start of the year.
Legrand shares gained 3.15% in intra-day trade following the report.
Legrand follows other major Industrials sector earnings this month
Legrand's report follows an earnings beat by Airbus Group on Wednesday, who reported EPS of €1.55 on revenue of €12B, compared to forecasts EPS of €0.592 on revenue of €12.16B.
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