Investing.com - CEMIG ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CEMIG ADR announced earnings per share of 0.0777 on revenue of 1.23B. Analysts polled by Investing.com anticipated EPS of 0.071 on revenue of 1.29B.
CEMIG ADR shares are up 9.24% from the beginning of the year and are trading at 3.330 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
CEMIG ADR follows other major Utilities sector earnings this month
CEMIG ADR's report follows an earnings beat by NextEra Energy on Wednesday, October 20, 2021, who reported EPS of 0.75 on revenue of 4.37B, compared to forecasts EPS of 0.716 on revenue of 5.44B.
Enbridge had beat expectations on Friday, November 5, 2021 with third quarter EPS of 0.59 on revenue of 9.62B, compared to forecast for EPS of 0.5705 on revenue of 9.62B.
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