Altri Earnings, Revenue miss in Q1

Investing.com – Altri reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.

Altri announced earnings per share of €0.17 on revenue of €158.1M. Analysts polled by Investing.com anticipated EPS of €0.18 on revenue of €234M.

Altri shares are up 5% from the beginning of the year and are trading at €5.92 , down-from-52-week-high.They are outperforming the PSI 20 which is up 3.68% from the start of the year.

Altri shares gained 0.42% in intra-day trade the report.

Altri’s report follows an earnings beat by Corticeira Amorim on February 24, who reported EPS of €0.13 on revenue of €200.7M, compared to forecasts EPS of €0.12 on revenue of €182.4M.

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