Snam Earnings, Revenue beat In Q3

  • Investing.com
Snam Earnings, Revenue beat In Q3
Credit: © Reuters.

Investing.com - Snam reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Snam announced earnings per share of €0.16 on revenue of €807.0M. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €785.67M.

Snam shares are up 10% from the beginning of the year and are trading at €5.088 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 21.09% from the start of the year.

Snam follows other major Utilities sector earnings this month

Snam's report follows an earnings beat by Eni SpA on Friday, October 29, 2021, who reported EPS of €0.4 on revenue of €19.02B, compared to forecasts EPS of €0.3108 on revenue of €16.62B.

Italgas had matched expectations on Tuesday, October 26, 2021 with third quarter EPS of €0.12 on revenue of €340M, compared to forecast for EPS of €0.12 on revenue of €340.33M.

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