Investing.com - Dassault Systemes reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Dassault Systemes announced earnings per share of €0.95 on revenue of €1.13B. Analysts polled by Investing.com anticipated EPS of €0.93 on revenue of €1.14B. That with comparison to EPS of €0.87 on revenue of €964M in the same period a year before.Dassault Systemes had reported EPS of €1.2 on revenue of €1.21B in the previous quarter.Analysts are expecting EPS of €0.82 and revenue of €1.12B in the upcoming quarter.
Dassault Systemes shares are down 6% from the beginning of the year and are trading at €136.75 , down-from-52-week-high.They are outperforming the CAC 40 which is down 26.02% year to date.
Dassault Systemes follows other major Technology sector earnings this month
Dassault Systemes's report follows an earnings missed by STMicroelectronics on Wednesday, who reported EPS of €0.19 on revenue of €2.06B, compared to forecasts EPS of €0.21 on revenue of €2.1B.
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