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Tenaris Earnings, Revenue beat in Q2

Aug 04, 2022 01:13
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Investing.com - Tenaris reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Tenaris announced earnings per share of $0.533 on revenue of $2.76B. Analysts polled by Investing.com anticipated EPS of $0.3992 on revenue of $2.62B.

Tenaris shares are up 42% from the beginning of the year and are trading at $13.12 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 10.15% from the start of the year.

Tenaris follows other major Energy sector earnings this month

Tenaris's report follows an earnings beat by Eni SpA on July 29, who reported EPS of $1.07 on revenue of $31.81B, compared to forecasts EPS of $0.9794 on revenue of $24.61B.

Saipem Pref had beat expectations on July 27 with second quarter EPS of $-0.0247 on revenue of $2.49B, compared to forecast for EPS of $-0.0338 on revenue of $2.35B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Tenaris Earnings, Revenue beat in Q2
 

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