Legrand SA
LR: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Sf | LOCK|P>P> | LOCK|<Mx$>@< |
Legrand Earnings: Data Spending Growth Drives Strong Start; Shares Fairly Valued
Legrand reported 8% organic revenue growth during the first quarter, comfortably exceeding company-compiled consensus by 3%. Revenue growth is mainly attributable to its North American business, which enjoys outsize exposure to data centers. Shares are trading 3% higher intraday.
