Investing.com - Xcel Energy (NASDAQ:XEL) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Xcel Energy announced earnings per share of $0.56 on revenue of $2.81B. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $3.16B. That with comparison to EPS of $0.61 on revenue of $3.14B in the same period a year before.Xcel Energy had reported EPS of $0.56 on revenue of $2.8B in the previous quarter.Analysts are expecting EPS of $0.48 and revenue of $2.6B in the upcoming quarter.
Xcel Energy shares are down 3% from the beginning of the year and are trading at $61.22 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 2.07% year to date.
Xcel Energy follows other major Utilities sector earnings this month
Xcel Energy's report follows an earnings beat by NextEra Energy on Wednesday, April 22, 2020, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Dominion Energy had missed expectations on Tuesday with first quarter EPS of $1.09 on revenue of $4.5B, compared to forecast for EPS of $1.1 on revenue of $4.72B.
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