Investing.com - Legrand reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Legrand announced earnings per share of €0.8188 on revenue of €1.71B. Analysts polled by Investing.com anticipated EPS of €0.8299 on revenue of €1.72B.
Legrand shares are up 42% from the beginning of the year, still down 3.97% from its 52 week high of €99.72 set on September 17. They are outperforming the Euro Stoxx 50 which is up 21.88% from the start of the year.
Legrand shares lost 2.13% 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 October 28, who reported EPS of €0.22 on revenue of €1.16B, compared to forecasts EPS of €0.1943 on revenue of €1.14B.
STMicroelectronics had missed expectations on October 28 with third quarter EPS of €0.51 on revenue of €3.2B, compared to forecast for EPS of €0.519 on revenue of €3.21B.
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