Investing.com - Saipem reported on Thursday fourth quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Saipem announced earnings per share of €-1.1 on revenue of €1.81B. Analysts polled by Investing.com anticipated EPS of €-1.1 on revenue of €1.82B.
Saipem shares are down 20.13% from the beginning of the year, still down 60.11% from its 52 week high of €2.57 set on February 25, 2021. They are under-performing the Nasdaq which is down 13.88% from the start of the year.
Saipem follows other major Energy sector earnings this month
Saipem's report follows an earnings beat by Eni SpA on February 18, who reported EPS of €0.58 on revenue of €26.76B, compared to forecasts EPS of €0.5706 on revenue of €18.95B.
Saipem Pref had matched expectations on Thursday with fourth quarter EPS of €-1.1 on revenue of €1.81B, compared to forecast for EPS of €-1.1 on revenue of €1.82B.
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