Investing.com - Enagas reported on Tuesday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Enagas announced earnings per share of €0.44 on revenue of €271M. Analysts polled by Investing.com anticipated EPS of €0.44 on revenue of €273.17M.
Enagas shares are down 3% from the beginning of the year and are trading at €21.910 , down-from-52-week-high.They are outperforming the IBEX 35 which is down 24.2% from the start of the year.
Enagas shares gained 1.86% in intra-day trade the report.
Enagas follows other major Utilities sector earnings this month
Enagas's report follows an earnings missed by Iberdrola on Wednesday, July 22, 2020, who reported EPS of €0.09 on revenue of €7.04B, compared to forecasts EPS of €0.1 on revenue of €8.54B.
Endesa had missed expectations on Tuesday with second quarter EPS of €0.28 on revenue of €3.81B, compared to forecast for EPS of €0.38 on revenue of €4.14B.
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