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RWE AG ST Earnings, Revenue beat in Q2

Published 13/08/2020, 15:24
RWEG
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Investing.com - RWE AG ST (DE:RWEG) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

RWE AG ST announced earnings per share of €0.46 on revenue of €2.67B. Analysts polled by Investing.com anticipated EPS of €0.06 on revenue of €571.12M.

RWE AG ST shares are up 25% from the beginning of the year and are trading at €34.210 , down-from-52-week-high.They are outperforming the DAX which is down 2.12% from the start of the year.

RWE AG ST shares gained 1.62% in intra-day trade the report.

RWE AG ST follows other major Utilities sector earnings this month

RWE AG ST's report follows an earnings missed by E.ON SE on Thursday, who reported EPS of €0.11 on revenue of €12.84B, compared to forecasts EPS of €0.13 on revenue of €9.01B.

RWE AG VZO had beat expectations on Sunday with second quarter EPS of €0.46 on revenue of €2.67B, compared to forecast for EPS of €0.06 on revenue of €571.12M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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