Investing.com - ENI (MI:ENI) ADR reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ENI ADR announced earnings per share of €-0.2 on revenue of €11.94B. Analysts polled by Investing.com anticipated EPS of €0.012 on revenue of €17.24B.
ENI ADR shares are up 6.7% from the beginning of the year and are trading at €21.98 , 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 January 26, who reported EPS of €0.4 on revenue of €4.4B, compared to forecasts EPS of €0.3818 on revenue of €5.56B.
Enbridge had missed expectations on February 12 with fourth quarter EPS of €0.4407 on revenue of €7.41B, compared to forecast for EPS of €0.4644 on revenue of €8.9B.
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