Investing.com - Terna reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Terna announced earnings per share of €0.1 on revenue of €644.4M. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €637.05M.
Terna shares are up 2.6% from the beginning of the year and are trading at €7.764 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 12.35% from the start of the year.
Terna shares lost 100.00% in pre-market trade following the report.
Terna follows other major Utilities sector earnings this month
Terna's report follows an earnings beat by Enel on Thursday, May 5, 2022, who reported EPS of €0.14 on revenue of €34.96B, compared to forecasts EPS of €0.1293 on revenue of €18.4B.
Italgas had matched expectations on Monday, May 2, 2022 with first quarter EPS of €0.104 on revenue of €354M, compared to forecast for EPS of €0.104 on revenue of €341.35M.
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