Investing.com - Sabesp ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sabesp ADR announced earnings per share of 0.1742 on revenue of 692.05M. Analysts polled by Investing.com anticipated EPS of 0.1454 on revenue of 720.07M.
Sabesp ADR shares are down 11% from the beginning of the year and are trading at 8.04 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.6% from the start of the year.
Sabesp ADR follows other major Utilities sector earnings this month
Sabesp ADR's report follows an earnings beat by NextEra Energy on Wednesday, April 21, 2021, who reported EPS of 0.67 on revenue of 3.73B, compared to forecasts EPS of 0.6097 on revenue of 4.87B.
Duke Energy had beat expectations on Monday with first quarter EPS of 1.26 on revenue of 6.15B, compared to forecast for EPS of 1.21 on revenue of 6.1B.
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