Investing.com - Vallourec reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Vallourec announced earnings per share of €-0.03 on revenue of €834M. Analysts polled by Investing.com anticipated EPS of €-2.76 on revenue of €920M.
Vallourec shares are down 72.84% from the beginning of the year and are trading at €7.265 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Vallourec follows other major Energy sector earnings this month
Vallourec's report follows an earnings beat by TotalEnergies SE on October 28, who reported EPS of €1.76 on revenue of €49.07B, compared to forecasts EPS of €1.64 on revenue of €49.69B.
Technip Energies BV had missed expectations on October 21 with third quarter EPS of €0.24 on revenue of €1.67B, compared to forecast for EPS of €0.32 on revenue of €1.88B.
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