Investing.com - Pennon reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pennon announced earnings per share of £0.11 on revenue of £403.0M. Analysts polled by Investing.com anticipated EPS of £24.68 on revenue of £388.18M.
Pennon shares are down 14% from the beginning of the year and are trading at £1,001.00 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 3.02% from the start of the year.
Pennon follows other major Utilities sector earnings this month
Pennon's report follows an earnings missed by SSE on Wednesday, May 25, 2022, who reported EPS of £1.38 on revenue of £5.06B, compared to forecasts EPS of £73.45 on revenue of £5,857M.
GAIL Ltd UK had beat expectations on Friday with first quarter EPS of £0.4641 on revenue of £3.48B, compared to forecast for EPS of £0.4104 on revenue of £3.46B.
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