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CGG earnings, Revenue beat in Q2

Published 29-07-2022, 05:38 am
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Investing.com - CGG reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

CGG announced earnings per share of $0.02 on revenue of $228M. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $226M.

CGG shares are up 28.38% from the beginning of the year and are trading at $0.817 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% year to date.

CGG follows other major Energy sector earnings this month

CGG's report follows an earnings beat by TotalEnergies SE on Thursday, who reported EPS of $3.75 on revenue of $70.46B, compared to forecasts EPS of $3.7 on revenue of $63.44B.

Vallourec had missed expectations on Wednesday with second quarter EPS of $-1.81 on revenue of $1.14B, compared to forecast for EPS of $-0.3212 on revenue of $1.17B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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