Investing.com - Legrand reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Legrand announced earnings per share of €0.69 on revenue of €1.66B. Analysts polled by Investing.com anticipated EPS of €0.67 on revenue of €1.5B.
Legrand shares are down 7% from the beginning of the year and are trading at €67.46 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.95% from the start of the year.
Legrand shares gained 2.06% in intra-day trade the report.
Legrand follows other major Technology sector earnings this month
Legrand's report follows an earnings beat by Dassault Systemes on October 22, who reported EPS of €0.8 on revenue of €1.03B, compared to forecasts EPS of €0.78 on revenue of €1.07B.
STMicroelectronics had missed expectations on October 22 with third quarter EPS of €0.22 on revenue of €2.25B, compared to forecast for EPS of €0.24 on revenue of €2.24B.
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