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Red Electrica Earnings, Revenue miss in Q1

Published 30/04/2020, 05:43
Updated 30/04/2020, 05:44

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

Red Electrica announced earnings per share of €0.32 on revenue of €500.5M. Analysts polled by Investing.com anticipated EPS of €0.35 on revenue of €503.95M. That with comparison to EPS of €0.36 on revenue of €499.74M in the same period a year before.Red Electrica had reported EPS of €0.35 on revenue of €530.04M in the previous quarter.Analysts are expecting EPS of €0.32 and revenue of €490.99M in the upcoming quarter.

Red Electrica shares are down 12% from the beginning of the year and are trading at €15.665 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 16.66% year to date.

Red Electrica follows other major Utilities sector earnings this month

Red Electrica's report follows an earnings matched by Enagas on April 21, who reported EPS of €0.43 on revenue of €283.3M (NYSE:MMM), compared to forecasts EPS of €0.43 on revenue of €284.28M.

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

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