Investing.com - Legrand reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Legrand announced earnings per share of €0.7307 on revenue of €1.67B. Analysts polled by Investing.com anticipated EPS of €0.7504 on revenue of €1.55B.
Legrand shares are down 8% from the beginning of the year, still down 1.28% from its 52 week high of €86.10 set on May 6. They are under-performing the DAX which is up 10.49% from the start of the year.
Legrand shares gained 2.86% in intra-day trade following the report.
Legrand follows other major Technology sector earnings this month
Legrand's report follows an earnings beat by Dassault Systemes on April 28, who reported EPS of €1.14 on revenue of €1.17B, compared to forecasts EPS of €1.03 on revenue of €1.16B.
STMicroelectronics had beat expectations on April 29 with first quarter EPS of €0.322 on revenue of €2.49B, compared to forecast for EPS of €0.3173 on revenue of €2.43B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar