Investing.com - CEMIG Pref ADR reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
CEMIG Pref ADR announced earnings per share of $0.0759 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $0.0783 on revenue of $1.11B.
CEMIG Pref ADR shares are up 9.93% from the beginning of the year, still down 21.88% from its 52 week high of $2.88 set on January 10. They are outperforming the Nifty 50 which is up 4.98% 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 April 21, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.6097 on revenue of $4.87B.
Duke Energy had beat expectations on Monday with first quarter EPS of $1.26 on revenue of $6.15B, compared to forecast for EPS of $1.21 on revenue of $6.19B.
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