Investing.com - Saipem reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Saipem announced earnings per share of €0.03 on revenue of €2.17B. Analysts polled by Investing.com anticipated EPS of €0.04 on revenue of €2.28B. That with comparison to EPS of €0.03 on revenue of €2.16B in the same period a year before. Saipem had reported EPS of €0.07 on revenue of €2.35B in the previous quarter. Analysts are expecting EPS of €0.05 and revenue of €2.43B in the upcoming quarter.
Saipem shares are down 48% from the beginning of the year , still down 53.69% from its 52 week high of €4.88 set on April 23, 2019. They are under-performing the STOXX 600 which is down 19.93% year to date.
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