Investing.com - Fortum reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fortum announced earnings per share of €0.82 on revenue of €1.36B. Analysts polled by Investing.com anticipated EPS of €0.51 on revenue of €1.59B. That with comparison to EPS of €0.42 on revenue of €1.69B in the same period a year before.Fortum had reported EPS of €0.4 on revenue of €1.55B in the previous quarter.Analysts are expecting EPS of €0.22 and revenue of €17.14B in the upcoming quarter.
Fortum shares are down 32% from the beginning of the year and are trading at €14.92 , down-from-52-week-high.They are under-performing the OMX Helsinki 25 which is down 16.87% year to date.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar