Investing.com - EDP reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
EDP announced earnings per share of €0.0737 on revenue of €4.39B. Analysts polled by Investing.com anticipated EPS of €0.0664 on revenue of €2.8B.
EDP shares are down 20.81% from the beginning of the year, still down 1.98% from its 52 week high of €5.04 set on July 29. They are under-performing the S&P/TSX which is down 7.33% 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 €0.1309 on revenue of €668M, compared to forecasts EPS of €0.1456 on revenue of €498.23M.
REN had matched expectations on Thursday with second quarter EPS of €0.05 on revenue of €188M, compared to forecast for EPS of €0.05 on revenue of €188M.
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