Investing.com - Sabesp ADR reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sabesp ADR announced earnings per share of 0.04 on revenue of 625.58M. Analysts polled by Investing.com anticipated EPS of 0.15 on revenue of 649.51M.
Sabesp ADR shares are down 19.7% from the beginning of the year and are trading at 8.04 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% 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, October 21, 2020, who reported EPS of 0.67 on revenue of 4.79B, compared to forecasts EPS of 0.65 on revenue of 5.44B.
Duke Energy had beat expectations on Thursday, November 5, 2020 with third quarter EPS of 1.87 on revenue of 6.72B, compared to forecast for EPS of 1.79 on revenue of 7.25B.
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