Investing.com - Red Electrica reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Red Electrica announced earnings per share of €0.327 on revenue of €489.7M. Analysts polled by Investing.com anticipated EPS of €0.3363 on revenue of €488M.
Red Electrica shares are up 38% from the beginning of the year and are trading at €18.027 , down-from-52-week-high.They are outperforming the PSI 20 which is up 16.19% from the start of the year.
Red Electrica follows other major Utilities sector earnings this month
Red Electrica's report follows an earnings missed by Iberdrola on Wednesday, who reported EPS of €0.14 on revenue of €9.25B, compared to forecasts EPS of €0.1535 on revenue of €7.81B.
Enagas had missed expectations on Tuesday with third quarter EPS of €0.3739 on revenue of €242M, compared to forecast for EPS of €0.4063 on revenue of €239.86M.
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