Investing.com - Acciona reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Acciona announced earnings per share of €-0.64 on revenue of €1.57B. Analysts polled by Investing.com anticipated EPS of €0.27 on revenue of €1.56B.
Acciona shares are up 2% from the beginning of the year and are trading at €95.750 , down-from-52-week-high.They are outperforming the IBEX 35 which is down 24.54% from the start of the year.
Acciona follows other major Utilities sector earnings this month
Acciona's report follows an earnings missed by Iberdrola on July 22, who reported EPS of €0.09 on revenue of €7.04B, compared to forecasts EPS of €0.1 on revenue of €8.54B.
Endesa had missed expectations on Tuesday with second quarter EPS of €0.27 on revenue of €3.3B, compared to forecast for EPS of €0.38 on revenue of €4.14B.
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