CEMIG Pref ADR Earnings Beat, Revenue Inline In Q1 By Investing.com

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CEMIG Pref ADR Earnings Beat, Revenue Inline In Q1

Published Mar 27, 2021 06:10AM ET

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Investing.com - CEMIG Pref ADR reported on Friday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.

CEMIG Pref ADR announced earnings per share of 0.0796 on revenue of 1.14B. Analysts polled by Investing.com anticipated EPS of 0.0253 on revenue of 1.14B.

CEMIG Pref ADR shares are down 16.05% from the beginning of the year, still down 28.19% from its 52 week high of 2.98 set on January 8. They are under-performing the EUR/USD which is down 0% from the start of the year.

CEMIG Pref ADR follows other major Utilities sector earnings this month

CEMIG Pref ADR's report follows an earnings beat by Public Service Enterprise on February 26, who reported EPS of 0.65 on revenue of 2.4B, compared to forecasts EPS of 0.6489 on revenue of 2.73B.

EON SE had beat expectations on Wednesday with first quarter EPS of 0.2366 on revenue of 20.86B, compared to forecast for EPS of 0.2308 on revenue of 38.14B.

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

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