Tenaris SA (TS) Reports Q1 EPS of $0.40

Tenaris SA (NYSE: TS) reported Q1 EPS of $0.40, versus $0.35 reported last year. Revenue for the quarter came in at $1.87 billion, versus $1.15 billion reported last year.

Guidance:
"In the coming quarters, we expect shipments to be lower than the first quarter but sales and margins should benefit from price increases that compensate recent increases in raw material costs. EBITDA and operating income should continue to show growth through the year."

For earnings history and earnings-related data on Tenaris SA (TS) click here.

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