Investing.com - Centrais Electricas Brasileiras reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Centrais Electricas Brasileiras announced earnings per share of $0.2166 on revenue of $1.54B. Analysts polled by Investing.com anticipated EPS of $0.272 on revenue of $1.29B.
Centrais Electricas Brasileiras shares are down 25.49% from the beginning of the year and are trading at $7.42 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Centrais Electricas Brasileiras follows other major sector earnings this month
Centrais Electricas Brasileiras's report follows an earnings beat by Industrial Commercial Bank of China on April 29, who reported EPS of $0.7417 on revenue of $33.09B, compared to forecasts EPS of $0.6343 on revenue of $34.72B.
L’Oreal ADR had matched expectations on April 15 with first quarter EPS of $1.03 on revenue of $9.12B, compared to forecast for EPS of $1.03 on revenue of $9.23B.
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