Investing.com - ACS reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ACS announced earnings per share of €0.48 on revenue of €6.93B. Analysts polled by Investing.com anticipated EPS of €0.5139 on revenue of €6.81B.
ACS shares are up 3% from the beginning of the year, still down 11.92% from its 52 week high of €27.69 set on May 12, 2021. They are outperforming the STOXX 600 which is down 13% from the start of the year.
ACS follows other major Industrials sector earnings this month
ACS's report follows an earnings missed by Aena on May 3, who reported EPS of €-0.64 on revenue of €683.91M, compared to forecasts EPS of €0.00 on revenue of €590.07M.
Ferrovial had matched expectations on May 5 with first quarter EPS of €-0.02 on revenue of €1.57B, compared to forecast for EPS of €-0.02 on revenue of €1.46B.
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