Investing.com - Centrais Electricas Brasileiras reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Centrais Electricas Brasileiras announced earnings per share of $0.077 on revenue of $1.44B. Analysts polled by Investing.com anticipated EPS of $0.104 on revenue of $1.46B.
Centrais Electricas Brasileiras shares are up 52.22% from the beginning of the year and are trading at $9.030 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Centrais Electricas Brasileiras follows other major Utilities sector earnings this month
Centrais Electricas Brasileiras's report follows an earnings beat by NextEra Energy on July 22, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Duke Energy had beat expectations on August 4 with second quarter EPS of $1.14 on revenue of $6.69B, compared to forecast for EPS of $1.07 on revenue of $5.9B.
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