Investing.com - Nexans reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nexans announced earnings per share of €1.85 on revenue of €1.54B. Analysts polled by Investing.com anticipated EPS of €2.55 on revenue of €1.59B.
Nexans shares are up 19% from the beginning of the year and are trading at €82.00 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 4.11% from the start of the year.
Nexans follows other major Industrials sector earnings this month
Nexans's report follows an earnings beat by Vinci on Friday, February 4, 2022, who reported EPS of €3.31 on revenue of €13.55B, compared to forecasts EPS of €3.01 on revenue of €13.44B.
Legrand had missed expectations on Thursday, February 10, 2022 with fourth quarter EPS of €0.76 on revenue of €1.83B, compared to forecast for EPS of €0.7877 on revenue of €1.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar