Investing.com - Prysmian reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Prysmian announced earnings per share of €0.20 on revenue of €3.44B. Analysts polled by Investing.com anticipated EPS of €0.4738 on revenue of €3.18B.
Prysmian shares are down 13% from the beginning of the year, still down 17.72% from its 52 week high of €35.55 set on November 18, 2021. They are under-performing the STOXX 600 which is down 9.32% from the start of the year.
Prysmian shares lost 100.00% in pre-market trade following the report.
Prysmian follows other major Industrials sector earnings this month
Prysmian's report follows an earnings missed by Iveco NV on February 8, who reported EPS of €-0.08 on revenue of €3.38B, compared to forecasts EPS of €0.125 on revenue of €3.38B.
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