Investing.com - Leonardo reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Leonardo announced earnings per share of €0.621 on revenue of €4.57B. Analysts polled by Investing.com anticipated EPS of €0.5707 on revenue of €4.65B.
Leonardo shares are up 29% from the beginning of the year and are trading at €8.188 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 12.44% year to date.
Leonardo follows other major Industrials sector earnings this month
Leonardo's report follows an earnings beat by Prysmian on Wednesday, March 2, 2022, who reported EPS of €0.63 on revenue of €3.44B, compared to forecasts EPS of €0.4738 on revenue of €3.06B.
Carel Industries had beat expectations on Thursday, March 3, 2022 with first quarter EPS of €0.11 on revenue of €110.05M, compared to forecast for EPS of €0.1 on revenue of €101.98M.
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