Investing.com - Nexans reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nexans announced earnings per share of €1.81 on revenue of €1.48B. Analysts polled by Investing.com anticipated EPS of €1.74 on revenue of €1.49B.
Nexans shares are up 40.93% from the beginning of the year and are trading at €83.50 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Nexans follows other major Industrials sector earnings this month
Nexans's report follows an earnings missed by Teleperformance on Wednesday, who reported EPS of €4.31 on revenue of €1.71B, compared to forecasts EPS of €4.71 on revenue of €1.77B.
Bureau Veritas had matched expectations on Wednesday with second quarter EPS of €0.43 on revenue of €2.42B, compared to forecast for EPS of €0.43 on revenue of €2,347M.
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