Prysmian reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Prysmian announced earnings per share of €0.31 on revenue of €2.59B. Analysts polled by anticipated EPS of €0.25 on revenue of €2.42B. That with comparison to EPS of €0.33 on revenue of €2.77B in the same period a year before. Prysmian had reported EPS of €0.28 on revenue of €2.88B in the previous quarter. Analysts are expecting EPS of €0.39 and revenue of €2.71B in the upcoming quarter.
Prysmian shares are down 44% from the beginning of the year , still down 25.06% from its 52 week high of €25.18 set on February 19. They are under-performing the STOXX 600 which is down 18.23% year to date.
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