Investing.com - Iberdrola (MC:IBE) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Iberdrola announced earnings per share of €0.1912 on revenue of €11.11B. Analysts polled by Investing.com anticipated EPS of €0.1897 on revenue of €12.04B.
Iberdrola shares are down 10% from the beginning of the year and are trading at €9.344 , down-from-52-week-high.They are under-performing the IBEX 35 which is down 3.14% from the start of the year.
Iberdrola follows other major Utilities sector earnings this month
Iberdrola's report follows an earnings beat by Naturgy Energy on February 4, who reported EPS of €0.4104 on revenue of €9.47B, compared to forecasts EPS of €0.38 on revenue of €3.04B.
Endesa had missed expectations on Tuesday with fourth quarter EPS of €-0.48 on revenue of €2.84B, compared to forecast for EPS of €0.0126 on revenue of €4.38B.
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