Investing.com - FirstEnergy reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
FirstEnergy announced earnings per share of $0.6 on revenue of $3B. Analysts polled by Investing.com anticipated EPS of $0.6096 on revenue of $2.81B.
FirstEnergy shares are up 15% from the beginning of the year and are trading at $47.47 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.82% from the start of the year.
FirstEnergy shares lost 1.35% in after-hours trade the report.
FirstEnergy follows other major Utilities sector earnings this month
FirstEnergy's report follows an earnings beat by NextEra Energy on Thursday, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.6759 on revenue of $5.11B.
Sabesp ADR had missed expectations on March 25 with first quarter EPS of $0.1745 on revenue of $1.06B, compared to forecast for EPS of $0.1882 on revenue of $751.86M.
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