Investing.com - Saipem reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Saipem announced earnings per share of €-0.34 on revenue of €1.87B. Analysts polled by Investing.com anticipated EPS of €-0.0438 on revenue of €1.9B.
Saipem shares are down 11% from the beginning of the year, still down 28.52% from its 52 week high of €2.72 set on February 16. They are under-performing the STOXX 600 which is up 19.08% from the start of the year.
Saipem shares lost 100.00% in pre-market trade following the report.
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