Investing.com - ENI (MI:ENI) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ENI announced earnings per share of €0.02 on revenue of €8.16B. Analysts polled by Investing.com anticipated EPS of €-0.22 on revenue of €13.58B.
ENI shares are down 30% from the beginning of the year and are trading at €7.818 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.54% from the start of the year.
ENI follows other major Energy sector earnings this month
ENI's report follows an earnings beat by Saipem Pref on Wednesday, who reported EPS of €-0.12 on revenue of €1.5B, compared to forecasts EPS of €-0.21 on revenue of €1.99B.
Saipem had beat expectations on Wednesday with second quarter EPS of €-0.12 on revenue of €1.5B, compared to forecast for EPS of €-0.21 on revenue of €1.99B.
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