Investing.com - Saipem reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Saipem announced earnings per share of €-0.08 on revenue of €1.94B. Analysts polled by Investing.com anticipated EPS of €-0.0737 on revenue of €2.36B.
Saipem shares are down 13% from the beginning of the year, still down 45.45% from its 52 week high of €2.31 set on June 4, 2021. They are under-performing the STOXX 600 which is down 5.38% from the start of the year.
Saipem shares lost 100.00% in pre-market trade following the report.
Saipem follows other major Energy sector earnings this month
Saipem's report follows an earnings missed by Saipem Pref on Friday, who reported EPS of €-0.08 on revenue of €1.94B, compared to forecasts EPS of €-0.0737 on revenue of €2.36B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar