Investing.com - Prysmian reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Prysmian announced earnings per share of €0.5108 on revenue of €4.27B. Analysts polled by Investing.com anticipated EPS of €0.4927 on revenue of €3.68B.
Prysmian shares are up 24% from the beginning of the year, still down 12.94% from its 52 week high of €35.55 set on November 18, 2021. They are outperforming the TR UK 50 which is up 3.39% from the start of the year.
Prysmian follows other major Industrials sector earnings this month
Prysmian's report follows an earnings beat by Leonardo on Thursday, who reported EPS of €0.333 on revenue of €3.57B, compared to forecasts EPS of €0.274 on revenue of €3.6B.
Iveco NV had beat expectations on Thursday with second quarter EPS of €0.2 on revenue of €3.37B, compared to forecast for EPS of €0.1433 on revenue of €3.17B.
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