Investing.com - EDP reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
EDP announced earnings per share of €0.0593 on revenue of €10.29B. Analysts polled by Investing.com anticipated EPS of €0.062 on revenue of €9.15B.
EDP shares are up 6% from the beginning of the year, still down 22.34% from its 52 week high of €5.23 set on April 12, 2021. They are outperforming the STOXX 600 which is down 4.61% from the start of the year.
EDP follows other major Utilities sector earnings this month
EDP's report follows an earnings missed by EDP Renovaveis on Wednesday, who reported EPS of €0.04 on revenue of €827.5M, compared to forecasts EPS of €0.3324 on revenue of €563.86M.
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