Pirelli & C (BIT:PIRC) Third Quarter 2022 Results
Key Financial Results
- Revenue: €1.95b (up 29% from 3Q 2021).
- Net income: €117.0m (up 16% from 3Q 2021).
- Profit margin: 6.0% (down from 6.7% in 3Q 2021). The decrease in margin was driven by higher expenses.
- EPS: €0.12 (up from €0.10 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pirelli & C Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Italy.
Performance of the Italian Auto Components industry.
The company’s shares are up 6.5% from a week ago.
What about risks? Every company has them, and we’ve spotted 3 warning signs for Pirelli & C you should know about.
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