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Company News

BRIEF-Tenaris Reports Qtrly Earnings Per ADS Of $0.40

April 26 (Reuters) - Tenaris SA:

* ANNOUNCES 2018 FIRST QUARTER RESULTS

* QTRLY EARNINGS PER ADS $0.40

* QTRLY NET SALES $1866 MILLION VERSUS $1154 MILLION

* IN COMING QUARTERS, EXPECT SHIPMENTS TO BE LOWER THAN Q1 BUT SALES AND MARGINS SHOULD BENEFIT FROM PRICE INCREASES

* FULL EXTENT OF US SECTION 232 TARIFFS ON STEEL IMPORTS IS STILL UNCLEAR

* AS FAR AS IMPORTS OF STEEL PIPES ARE REDUCED BY QUOTAS OF 25% TARIFF, EXPECTS TO BE WELL PLACED TO INCREASE PRODUCTION AT US DOMESTIC FACILITIES Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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