Red Electrica Earnings beat, Revenue misses In Q1 By Investing.com

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Red Electrica Earnings beat, Revenue misses In Q1

Apr 28, 2021 16:34

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Investing.com - Red Electrica reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Red Electrica announced earnings per share of €0.3217 on revenue of €483.6M. Analysts polled by Investing.com anticipated EPS of €0.31 on revenue of €486.56M.

Red Electrica shares are down 9% from the beginning of the year and are trading at €15.232 , down-from-52-week-high.They are under-performing the IBEX 35 which is up 8.85% from the start of the year.

Red Electrica shares gained 1.21% in intra-day trade the report.

Red Electrica follows other major Utilities sector earnings this month

Red Electrica's report follows an earnings beat by Enagas on April 19, who reported EPS of €0.35 on revenue of €240.6M, compared to forecasts EPS of €0.3475 on revenue of €242.32M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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