Investing.com - Red Electrica reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Red Electrica announced earnings per share of €0.24 on revenue of €487.4M. Analysts polled by Investing.com anticipated EPS of €0.2886 on revenue of €563.91M.
Red Electrica shares are down 13% from the beginning of the year and are trading at €16.480 , down-from-52-week-high.They are under-performing the IBEX 35 which is down 3.14% from the start of the year.
Red Electrica shares lost 100.00% in pre-market trade the report.
Red Electrica follows other major Utilities sector earnings this month
Red Electrica's report follows an earnings beat by Iberdrola on Wednesday, who reported EPS of €0.1912 on revenue of €11.11B, compared to forecasts EPS of €0.1897 on revenue of €12.04B.
Naturgy Energy had beat expectations on February 4 with fourth quarter EPS of €0.4104 on revenue of €9.47B, compared to forecast for EPS of €0.38 on revenue of €3.04B.
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