Investing.com - CEMIG ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CEMIG ADR announced earnings per share of 0.0543 on revenue of 1.37B. Analysts polled by Investing.com anticipated EPS of 0.0334 on revenue of 1.4B.
CEMIG ADR shares are up 43.71% from the beginning of the year, still down 2.51% from its 52 week high of 4.38 set on March 25. They are outperforming the EUR/USD which is down 0% from the start of the year.
CEMIG ADR follows other major Utilities sector earnings this month
CEMIG ADR's report follows an earnings matched by Veolia ADR on March 17, who reported EPS of 0.5779 on revenue of 8.33B, compared to forecasts EPS of 0.5779 on revenue of 8.33B.
Constellation Energy had beat expectations on March 2 with fourth quarter EPS of 1.9 on revenue of 2.26B, compared to forecast for EPS of 1.19 on revenue of 1.6B.
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