Investing.com - ENI (MI:ENI) ADR reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ENI ADR announced earnings per share of €0.08 on revenue of €14.8B. Analysts polled by Investing.com anticipated EPS of €0.3408 on revenue of €16.26B.
ENI ADR shares are up 20.44% from the beginning of the year and are trading at €24.81 , 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 April 21, who reported EPS of €0.67 on revenue of €3.73B, compared to forecasts EPS of €0.6097 on revenue of €4.87B.
Southern had beat expectations on Thursday with first quarter EPS of €0.98 on revenue of €5.91B, compared to forecast for EPS of €0.8267 on revenue of €5.49B.
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