ACS Earnings, Revenue beat In Q1

  • Investing.com
ACS Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - ACS reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

ACS announced earnings per share of €0.67 on revenue of €9.55B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €9.18B. That with comparison to EPS of €0.91 on revenue of €9.26B in the same period a year before.ACS had reported EPS of €0.62 on revenue of €10.25B in the previous quarter.

ACS shares are down 38% from the beginning of the year and are trading at €22.080 , down-from-52-week-high.They are under-performing the IBEX 35 which is down 32.83% year to date.

ACS follows other major Capital Goods sector earnings this month

ACS's report follows an earnings missed by Gamesa on Wednesday, May 6, 2020, who reported EPS of €-0.16 on revenue of €2.2B, compared to forecasts EPS of €-0.08 on revenue of €2.2B.

Metrovacesa had missed expectations on Wednesday with first quarter EPS of €-0.04 on revenue of €81.4M, compared to forecast for EPS of €0.08 on revenue of €79.95M.

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