Investing.com - Vallourec reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vallourec announced earnings per share of €3.7 on revenue of €842M. Analysts polled by Investing.com anticipated EPS of €-2.68 on revenue of €817.58M.
Vallourec shares are up 57% from the beginning of the year and are trading at €8.360 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.17% from the start of the year.
Vallourec follows other major Energy sector earnings this month
Vallourec's report follows an earnings missed by CGG on Wednesday, who reported EPS of €-0.06 on revenue of €157M, compared to forecasts EPS of €-0.01 on revenue of €235M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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