Saipem sticks to cautious outlook after beating second quarter forecasts [Reuters]
SAIPEM SPA UNSP/ADR (SAPMY)
NASDAQ:AMEX Investor Relations:
saipem.com/saipem_en_it/sommario/investor+relations+contacts.page?
Company Research
Source: Reuters
Saipem sticks to cautious outlook after beating second quarter forecasts - Reuters 2 Min Read MILAN (Reuters) - Italian oil services group Saipem ( SPMI.MI ) beat expectations in the second quarter as new orders more than doubled but it stuck to its cautious outlook for the year. The contractor, jointly controlled by oil major Eni ( ENI.MI ) and state lender Cassa Depositi e Prestiti, said core earnings in the period jumped 47% to 308 million euros ($343 million), above a Refinitiv consensus of 265 million euros. “I am satisfied with the positive results recorded in the first half of 2019 despite a scenario that does not yet show clear signs of recovery,” Chief Executive Stefano Cao said. Thanks to improved cash flow Saipem was able to cut its net debt target for the year by around 20% to below 800 million euros. But it said the ongoing low level of spending by oil companies and oil price volatility would continue and confirmed expectations for full-year revenues of around 9 billi
Show less
Read more
Impact Snapshot
Event Time:
SAPMY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SAPMY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SAPMY alerts
High impacting SAIPEM SPA UNSP/ADR news events
Weekly update
A roundup of the hottest topics