Shares of Cadeler AS (NYSE:CDLR) plummeted 5.05% in intraday trading on Wednesday following the release of the company's first-quarter earnings report. Despite meeting earnings per share (EPS) expectations, the offshore wind installation and services provider faced investor disappointment due to a significant revenue miss.

Cadeler reported quarterly earnings of $0.04 per share, in line with analyst consensus estimates. This represents a substantial improvement from the $0.07 loss per share reported in the same period last year. However, the company's quarterly sales of $68.35 million fell short of the analyst consensus estimate of $75.93 million by 9.97 percent, despite showing a remarkable 230.17 percent increase from $20.70 million in the year-ago quarter.

The market's negative reaction to Cadeler's earnings report highlights investors' concerns about the company's ability to meet revenue projections in the competitive offshore wind sector. While the significant year-over-year growth in sales and the turnaround to profitability are positive indicators, the revenue miss suggests potential challenges in project execution or market dynamics that could impact Cadeler's future performance. As the trading session progresses, investors will be closely monitoring any additional insights from management regarding the revenue shortfall and outlook for the remainder of the year.