CEMIG Pref ADR Earnings Beat, Revenue Misses In Q3 By Investing.com

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CEMIG Pref ADR Earnings Beat, Revenue Misses In Q3

Published Nov 12, 2021 07:35AM ET

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Investing.com - CEMIG Pref ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

CEMIG Pref ADR announced earnings per share of 0.0777 on revenue of 1.23B. Analysts polled by Investing.com anticipated EPS of 0.071 on revenue of 1.29B.

CEMIG Pref ADR shares are up 9.24% from the beginning of the year, still down 8.29% from its 52 week high of 2.77 set on October 15. They are outperforming 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 NextEra Energy on October 20, who reported EPS of 0.75 on revenue of 4.37B, compared to forecasts EPS of 0.716 on revenue of 5.44B.

Enbridge had beat expectations on November 5 with third quarter EPS of 0.59 on revenue of 9.62B, compared to forecast for EPS of 0.5705 on revenue of 9.62B.

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

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