ENI (MI:ENI) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ENI announced earnings per share of €0.02 on revenue of €13.87B. Analysts polled by anticipated EPS of €0.11 on revenue of €13.25B. That with comparison to EPS of €0.28 on revenue of €18.54B in the same period a year before. ENI had reported EPS of €0.15 on revenue of €16.22B in the previous quarter. Analysts are expecting EPS of €-0.13 and revenue of €10.76B in the upcoming quarter.
ENI shares are down 4% from the beginning of the year , still down 46.95% from its 52 week high of €15.55 set on April 25, 2019. They are outperforming the OMX Helsinki 25 which is down 17.9% year to date.
ENI follows other major Energy sector earnings this month
ENI's report follows an earnings missed by Saipem Pref on Wednesday, who reported EPS of €0.03 on revenue of €2.17B, compared to forecasts EPS of €0.04 on revenue of €2.28B.
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