Investing.com - Iberdrola (MC:IBE) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Iberdrola announced earnings per share of €0.154 on revenue of €10.09B. Analysts polled by Investing.com anticipated EPS of €0.2065 on revenue of €10.75B.
Iberdrola shares are down 4% from the beginning of the year and are trading at €11.150 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.75% from the start of the year.
Iberdrola follows other major Utilities sector earnings this month
Iberdrola's report follows an earnings beat by Endesa on Wednesday, May 5, 2021, who reported EPS of €0.46 on revenue of €4.99B, compared to forecasts EPS of €0.4523 on revenue of €5.03B.
Naturgy Energy had beat expectations on Wednesday, April 28, 2021 with first quarter EPS of €0.33 on revenue of €4.68B, compared to forecast for EPS of €0.3006 on revenue of €5.25B.
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