Investing.com - Snam reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Snam announced earnings per share of €0.0884 on revenue of €738M. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €678.24M.
Snam shares are down 2% from the beginning of the year and are trading at €5.190 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 14.15% from the start of the year.
Snam follows other major Utilities sector earnings this month
Snam'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.
Terna had missed expectations on Thursday with first quarter EPS of €0.0959 on revenue of €644.4M, compared to forecast for EPS of €0.1 on revenue of €637.05M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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