Tenaris Profits Thresh, Q1 Revenue Missing by Investing.com

Investing.com – Tenaris reported the first quarter on Wednesday that beat analysts’ expectations and lower than expected earnings.

Tenaris reported earnings per share of $ 0.0744 on revenue of $ 977.53 million. Analysts polled by Investing.com were forecasting EPS of $ 0.0265 on revenue of $ 987.65 million.

Tenaris shares are up 2% from the start of the year, still down 6.74% from its 52-week high of $ 9.97 set on March 12. They are underperforming, which are up 10.25% since the start of the year.

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