Investing.com - Centrais Electricas Brasileiras reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Centrais Electricas Brasileiras announced earnings per share of $0.14 on revenue of $1.23B. Analysts polled by Investing.com anticipated EPS of $0.34 on revenue of $1.24B.
Centrais Electricas Brasileiras shares are down 27.68% from the beginning of the year and are trading at $6.74 , 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 Tencent ADR on Wednesday, who reported EPS of $0.49 on revenue of $16.54B, compared to forecasts EPS of $0.41 on revenue of $16.04B.
L’Oreal ADR had beat expectations on July 30 with second quarter EPS of $3.82 on revenue of $6.92B, compared to forecast for EPS of $0.85 on revenue of $6.98B.
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