Investing.com - ACS reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ACS announced earnings per share of €0.724 on revenue of €7.31B. Analysts polled by Investing.com anticipated EPS of €0.7534 on revenue of €7.06B.
ACS shares are down 10% from the beginning of the year, still down 26.31% from its 52 week high of €28.70 set on April 19, 2021. They are under-performing the IBEX 35 which is down 5.91% 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 Wednesday, who reported EPS of €0.145 on revenue of €632.4M, compared to forecasts EPS of €0.1638 on revenue of €719.73M.
Gamesa had missed expectations on February 3 with first quarter EPS of €-0.36 on revenue of €1.83B, compared to forecast for EPS of €-0.3016 on revenue of €1.82B.
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