Investing.com - ENI (MI:ENI) ADR reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ENI ADR announced earnings per share of €0.9258 on revenue of €22.01B. Analysts polled by Investing.com anticipated EPS of €0.7304 on revenue of €19.36B.
ENI ADR shares are up 39.76% from the beginning of the year and are trading at €28.79 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
ENI ADR follows other major Utilities sector earnings this month
ENI ADR's report follows an earnings beat by NextEra Energy on October 20, who reported EPS of €0.75 on revenue of €4.37B, compared to forecasts EPS of €0.716 on revenue of €5.44B.
American Electric Power had missed expectations on Thursday with third quarter EPS of €1.43 on revenue of €4.6B, compared to forecast for EPS of €1.46 on revenue of €4.31B.
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