Investing.com - Xcel Energy reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Xcel Energy announced earnings per share of $0.54 on revenue of $2.59B. Analysts polled by Investing.com anticipated EPS of $0.47 on revenue of $2.66B.
Xcel Energy shares are up 11% from the beginning of the year and are trading at $68.73 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is down 13.39% from the start of the year.
Xcel Energy follows other major Utilities sector earnings this month
Xcel Energy's report follows an earnings beat by NextEra Energy on July 24, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Enbridge had beat expectations on Wednesday with second quarter EPS of $0.42 on revenue of $10.52B, compared to forecast for EPS of $0.41 on revenue of $9.17B.
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