Enel earnings beat, Revenue misses in Q2

  • Investing.com
Enel earnings beat, Revenue misses in Q2
Credit: © Reuters.

Investing.com - Enel (MI: ENEI ) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Enel announced earnings per share of €0.11 on revenue of €13.39B. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €17.82B.

Enel shares are up 10% from the beginning of the year and are trading at €7.811 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is down 14.68% year to date.

Enel follows other major Utilities sector earnings this month

Enel's report follows an earnings beat by Terna on Thursday, who reported EPS of €0.19 on revenue of €1.18B, compared to forecasts EPS of €0.09 on revenue of €592.57M.

Italgas had matched expectations on Monday with second quarter EPS of €0.1 on revenue of €319.85M, compared to forecast for EPS of €0.1 on revenue of €321.49M.

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