Investing.com - Vallourec reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Vallourec announced earnings per share of €-8.2 on revenue of €702M. Analysts polled by Investing.com anticipated EPS of €-5.27 on revenue of €743.2M.
Vallourec shares are up 6.49% from the beginning of the year and are trading at €28.480 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Vallourec follows other major Capital Goods sector earnings this month
Vallourec's report follows an earnings missed by Airbus Group on April 29, who reported EPS of €0.58 on revenue of €10.46B, compared to forecasts EPS of €0.596 on revenue of €10.42B.
Bouygues had missed expectations on Thursday with first quarter EPS of €-0.14 on revenue of €7.74B, compared to forecast for EPS of €-0.11 on revenue of €7.42B.
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