Investing.com - Red Electrica reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Red Electrica announced earnings per share of €0.3236 on revenue of €487M. Analysts polled by Investing.com anticipated EPS of €0.3055 on revenue of €470.95M.
Red Electrica shares are up 17% from the beginning of the year and are trading at €16.547 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 8.22% from the start of the year.
Red Electrica shares gained 1.03% in intra-day trade the report.
Red Electrica follows other major Utilities sector earnings this month
Red Electrica's report follows an earnings beat by Iberdrola on Wednesday, July 21, 2021, who reported EPS of €0.08 on revenue of €8.66B, compared to forecasts EPS of €0.0797 on revenue of €8.15B.
Endesa had missed expectations on Tuesday with second quarter EPS of €0.32 on revenue of €5.28B, compared to forecast for EPS of €0.3708 on revenue of €3.79B.
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