Investing.com - Leonardo reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Leonardo announced earnings per share of €-0.13 on revenue of €2.79B. Analysts polled by Investing.com anticipated EPS of €-0.12 on revenue of €2.68B.
Leonardo shares are up 18% from the beginning of the year, still down 12.86% from its 52 week high of €8.01 set on March 16. They are outperforming the STOXX 600 which is up 10.52% from the start of the year.
Leonardo shares lost 100.00% in pre-market trade following the report.
Leonardo follows other major Capital Goods sector earnings this month
Leonardo's report follows an earnings beat by Tenaris on April 28, who reported EPS of €0.0743 on revenue of €975.72M, compared to forecasts EPS of €0.0265 on revenue of €997.35M.
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