Terna Earnings inline, Revenue beats In Q1

  • Investing.com
Terna Earnings inline, Revenue beats In Q1
Credit: © Reuters.

Investing.com - Terna reported on Wednesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.

Terna announced earnings per share of €0.10 on revenue of €567.5M. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €547.03M. That with comparison to EPS of €0.09 on revenue of €537M in the same period a year before.Terna had reported EPS of €0.11 on revenue of €629.1M in the previous quarter.Analysts are expecting EPS of €0.09 and revenue of €570.97M in the upcoming quarter.

Terna shares are down 2% from the beginning of the year and are trading at €5.806 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 19.81% year to date.

Terna follows other major Utilities sector earnings this month

Terna's report follows an earnings matched by Enel on Wednesday, May 6, 2020, who reported EPS of €0.12 on revenue of €19.99B, compared to forecasts EPS of €0.12 on revenue of €19.99B.

Snam had matched expectations on Wednesday, May 6, 2020 with first quarter EPS of €0.09 on revenue of €691M, compared to forecast for EPS of €0.09 on revenue of €691M.

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