Investing.com - Tenaris reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tenaris announced earnings per share of $0.211 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $0.0681 on revenue of $1.15B.
Tenaris shares are up 29% from the beginning of the year and are trading at $8.59 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 17.34% 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 Saturday, who reported EPS of $0.26 on revenue of $14.48B, compared to forecasts EPS of $0.1481 on revenue of $13.88B.
Saipem Pref had missed expectations on Friday, July 30, 2021 with second quarter EPS of $-0.1493 on revenue of $1.58B, compared to forecast for EPS of $-0.1142 on revenue of $1.64B.
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