Investing.com - CEMIG ADR reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CEMIG ADR announced earnings per share of 0.1635 on revenue of 1.69B. Analysts polled by Investing.com anticipated EPS of 0.1382 on revenue of 1.65B.
CEMIG ADR shares are down 3.43% from the beginning of the year, still down 22.42% from its 52 week high of 4.55 set on April 4. They are outperforming the Nifty 50 which is down 9.06% from the start of the year.
CEMIG ADR follows other major Utilities sector earnings this month
CEMIG ADR's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of 0.74 on revenue of 2.89B, compared to forecasts EPS of 0.7142 on revenue of 5.19B.
Duke Energy had missed expectations on Monday with first quarter EPS of 1.3 on revenue of 7.13B, compared to forecast for EPS of 1.33 on revenue of 6.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar