Investing.com - Snam reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Snam announced earnings per share of €0.0884 on revenue of €738M. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €678.24M.
Snam shares are down 2% from the beginning of the year, still down 4.56% from its 52 week high of €5.44 set on April 11. They are outperforming the STOXX 600 which is down 14.15% from the start of the year.
Snam follows other major Utilities sector earnings this month
Snam's report follows an earnings beat by Enel on May 5, who reported EPS of €0.14 on revenue of €34.96B, compared to forecasts EPS of €0.1293 on revenue of €18.4B.
Terna had missed expectations on Thursday with first quarter EPS of €0.0959 on revenue of €644.4M, compared to forecast for EPS of €0.1 on revenue of €637.05M.
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