Investing.com - Terna reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Terna announced earnings per share of €0.4 on revenue of €2.60B. Analysts polled by Investing.com anticipated EPS of €0.1022 on revenue of €649.15M.
Terna shares are down 1% from the beginning of the year, still down 7.54% from its 52 week high of €7.56 set on March 1. They are outperforming the STOXX 600 which is down 7.65% from the start of the year.
Terna follows other major Utilities sector earnings this month
Terna's report follows an earnings beat by Italgas on March 10, who reported EPS of €0.24 on revenue of €365M, compared to forecasts EPS of €0.12 on revenue of €371M.
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