Investing.com - Legrand reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Legrand announced earnings per share of €0.9212 on revenue of €1.97B. Analysts polled by Investing.com anticipated EPS of €0.9187 on revenue of €1.85B.
Legrand shares are down 17% from the beginning of the year and are trading at €84.66 , down-from-52-week-high.They are under-performing the CAC 40 which is down 8.81% from the start of the year.
Legrand shares gained 3.29% in intra-day trade the report.
Legrand follows other major Industrials sector earnings this month
Legrand's report follows an earnings beat by Airbus Group on Wednesday, who reported EPS of €1.55 on revenue of €12B, compared to forecasts EPS of €0.592 on revenue of €12.16B.
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