Red Electrica earnings beat, Revenue misses in Q1

  • Investing.com
Red Electrica earnings beat, Revenue misses in Q1

Investing.com - Red Electrica reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Red Electrica announced earnings per share of €0.3217 on revenue of €483.6M. Analysts polled by Investing.com anticipated EPS of €0.31 on revenue of €486.56M.

Red Electrica shares are down 9% from the beginning of the year and are trading at €15.232 , down-from-52-week-high.They are under-performing the IBEX 35 which is up 8.85% year to date.

Red Electrica shares gained 1.21% in intra-day trade the report.

Red Electrica follows other major Utilities sector earnings this month

Red Electrica's report follows an earnings beat by Enagas on Monday, April 19, 2021, who reported EPS of €0.35 on revenue of €240.6M, compared to forecasts EPS of €0.3475 on revenue of €242.32M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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