Energy of Minas Gerais DRC earnings miss, Revenue beats in Q2

  • Investing.com
Energy of Minas Gerais DRC earnings miss, Revenue beats in Q2
Credit: © Reuters.

Investing.com - Energy of Minas Gerais DRC reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Energy of Minas Gerais DRC announced earnings per share of 0.1335 on revenue of 1.68B. Analysts polled by Investing.com anticipated EPS of 0.152 on revenue of 1.62B.

Energy of Minas Gerais DRC shares are up 12.02% from the beginning of the year and are trading at 4.000 , down-from-52-week-high.They are outperforming the Nifty 50 which is up 1.98% year to date.

Energy of Minas Gerais DRC follows other major Utilities sector earnings this month

Energy of Minas Gerais DRC's report follows an earnings beat by NextEra Energy on Friday, July 22, 2022, who reported EPS of 0.81 on revenue of 5.18B, compared to forecasts EPS of 0.7598 on revenue of 5.35B.

Duke Energy had beat expectations on Thursday, August 4, 2022 with second quarter EPS of 1.14 on revenue of 6.69B, compared to forecast for EPS of 1.07 on revenue of 5.9B.

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