Royal Dutch Shell (LON:RDSa) B reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Royal Dutch Shell B announced earnings per share of €0.34 on revenue of €56.17B. Analysts polled by anticipated EPS of €0.24 on revenue of €59.57B. That with comparison to EPS of €0.58 on revenue of €74.87B in the same period a year before. Royal Dutch Shell B had reported EPS of €0.34 on revenue of €76.13B in the previous quarter. Analysts are expecting EPS of €-0.1 and revenue of €35.82B in the upcoming quarter.
Royal Dutch Shell B shares are down 40% from the beginning of the year , still down 50.35% from its 52 week high of €29.99 set on May 21, 2019. They are under-performing the STOXX 600 which is down 18.28% year to date.
Royal Dutch Shell B shares lost 11.38% in intra-day trade following the report.
Royal Dutch Shell B follows other major sector earnings this month
Royal Dutch Shell B's report follows an earnings matched by Core Laboratories on April 22, who reported EPS of €0.29 on revenue of €140.75M, compared to forecasts EPS of €0.29 on revenue of €139.41M.
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