August 19, 2022

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Improves Profits and Revenues in the Fourth Quarter by – Eni (MI:) SpA on Friday released its corresponding data for the fourth quarter, numbers that beat analysts’ expectations. In the meantime, the income was higher than expected.

The company reported earnings per share of 0.58 euros and sales of 26.76 billion euros. Analysts polled by expected earnings per share of 0.5673 euros and revenue of 18.79 billion euros.

So far this year, shares of Eni SpA have advanced 10%, outperforming, representing a 5% decline.

With its numbers, Eni SpA joins other large companies in the energy sector this month.

Last Wednesday, Tenaris reported fourth-quarter earnings per share of 0.2771 euros on revenue of 1.81 billion euros, compared to expectations for EPS of 0.1889 euros and revenue of 1.76 billion euros.

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