Investing.com - Engie reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Engie announced earnings per share of €0.1422 on revenue of €14.73B. Analysts polled by Investing.com anticipated EPS of €0.3957 on revenue of €14.47B.
Engie shares are down 9% from the beginning of the year and are trading at €11.35 , down-from-52-week-high.They are under-performing the S&P Global 100 which is up 16.26% from the start of the year.
Engie shares lost 2.16% in intra-day trade the report.
Engie follows other major Utilities sector earnings this month
Engie's report follows an earnings beat by Veolia Environnement on Thursday, who reported EPS of €0.3 on revenue of €6.61B, compared to forecasts EPS of €0.25 on revenue of €6.59B.
Suez had beat expectations on Wednesday with second quarter EPS of €0.23 on revenue of €4.33B, compared to forecast for EPS of €0.2 on revenue of €4.32B.
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