Investing.com - Nexans reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nexans announced earnings per share of €2.93 on revenue of €3.03B. Analysts polled by Investing.com anticipated EPS of €1.65 on revenue of €1.39B.
Nexans shares are down 2% from the beginning of the year and are trading at €71.15 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 4.49% from the start of the year.
Nexans shares gained 1.07% in intra-day trade the report.
Nexans follows other major Basic Materials sector earnings this month
Nexans's report follows an earnings missed by Air Liquide on February 10, who reported EPS of €2.56 on revenue of €5.23B, compared to forecasts EPS of €2.7 on revenue of €5.2B.
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