Investing.com - Fortum reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fortum announced earnings per share of €-0.11 on revenue of €43.62B. Analysts polled by Investing.com anticipated EPS of €0.54 on revenue of €31.74B.
Fortum shares are down 21% from the beginning of the year, still down 44.71% from its 52 week high of €27.96 set on December 22, 2021. They are under-performing the STOXX 600 which is down 14.29% from the start of the year.
Fortum shares lost 4.24% in intra-day trade following the report.
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