Investing.com - Brazilian Electric Power DRC reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Brazilian Electric Power DRC announced earnings per share of $0.130 on revenue of $1.67B. Analysts polled by Investing.com anticipated EPS of $0.078 on revenue of $1.65B.
Brazilian Electric Power DRC shares are down 16.92% from the beginning of the year and are trading at $8.545 , down-from-52-week-high.
Brazilian Electric Power DRC follows other major Utilities sector earnings this month
Brazilian Electric Power DRC's report follows an earnings beat by NextEra Energy on October 28, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on November 4 with third quarter EPS of $1.78 on revenue of $7.97B, compared to forecast for EPS of $1.84 on revenue of $7,388M.
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