Investing.com - CEMIG Pref ADR reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
CEMIG Pref ADR announced earnings per share of 0.0668 on revenue of 1.68B. Analysts polled by Investing.com anticipated EPS of 0.076 on revenue of 1.62B.
CEMIG Pref ADR shares are up 12.02% from the beginning of the year and are trading at 2.470 , down-from-52-week-high.They are outperforming the Nifty 50 which is up 1.98% from the start of the year.
CEMIG Pref ADR follows other major Utilities sector earnings this month
CEMIG Pref ADR's report follows an earnings beat by NextEra Energy on Friday, July 22, 2022, who reported EPS of 0.81 on revenue of 5.18B, compared to forecasts EPS of 0.7598 on revenue of 5.35B.
Duke Energy had beat expectations on Thursday, August 4, 2022 with second quarter EPS of 1.14 on revenue of 6.69B, compared to forecast for EPS of 1.07 on revenue of 5.9B.
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