Investing.com - Snam reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Snam announced earnings per share of €0.09 on revenue of €1.35B. Analysts polled by Investing.com anticipated EPS of €0.09 on revenue of €670.15M.
Snam shares are down 5% from the beginning of the year and are trading at €4.451 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 13.54% 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 Wednesday, who reported EPS of €0.11 on revenue of €13.39B, compared to forecasts EPS of €0.1 on revenue of €17.82B.
Terna had matched expectations on Wednesday with second quarter EPS of €0.09 on revenue of €616M, compared to forecast for EPS of €0.09 on revenue of €592.57M.
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