Investing.com - Severn Trent (LON:SVT) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Severn Trent announced earnings per share of £0.37 on revenue of £985.1M. Analysts polled by Investing.com anticipated EPS of £52.01 on revenue of £975.36M.
Severn Trent shares are up 4% from the beginning of the year and are trading at £3,071.0 , down-from-52-week-high.They are outperforming the FTSE 100 which is up 1.87% from the start of the year.
Severn Trent follows other major Utilities sector earnings this month
Severn Trent's report follows an earnings missed by SSE on Wednesday, who reported EPS of £1.38 on revenue of £5.06B, compared to forecasts EPS of £73.45 on revenue of £5,857M.
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