Investing.com - SNC-Lavalin Group reported first quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.22 on revenue of C$1.89B. Analysts polled by Investing.com expected EPS of C$0.3556 on revenue of C$1.81B. .
SNC-Lavalin Group shares lost 8.26% to trade at C$26.45 in intra-day trade following the report.
For the year, SNC-Lavalin Group shares are up 6.82%, outperforming the S&P/TSX which is down 1.13% year to date.
SNC-Lavalin Group follows other major Industrials sector earnings this month
On Tuesday, Thomson Reuters reported first quarter EPS of C$0.8483 on revenue of C$2.15B, compared to forecasts of EPS of C$0.7641 on revenue of C$2.12B.
TFI Intl earnings beat analyst's expectations on Thursday, April 28, 2022, with first quarter EPS of C$1.68 on revenue of C$2.19B. Investing.com analysts expected EPS of C$1.29 on revenue of C$2B
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