Investing.com - Legrand reported on Friday second quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Legrand announced earnings per share of €0.8538 on revenue of €1.7B. Analysts polled by Investing.com anticipated EPS of €0.9169 on revenue of €1.7B.
Legrand shares are up 19% from the beginning of the year, still down 0.09% from its 52 week high of €94.08 set on July 23. They are outperforming the FTSE 100 which is up 8.47% from the start of the year.
Legrand shares gained 1.10% in intra-day trade following the report.
Legrand follows other major Industrials sector earnings this month
Legrand's report follows an earnings beat by Airbus Group on Thursday, who reported EPS of €1.79 on revenue of €14.18B, compared to forecasts EPS of €1.44 on revenue of €13.71B.
Saint Gobain had beat expectations on Thursday with second quarter EPS of €2.43 on revenue of €11.18B, compared to forecast for EPS of €2.00 on revenue of €11.18B.
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