CEMIG Pref ADR Earnings Miss, Revenue Beats In Q2 By Investing.com

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CEMIG Pref ADR Earnings Miss, Revenue Beats In Q2

Published Aug 14, 2021 06:17AM ET

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Investing.com - CEMIG Pref ADR reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

CEMIG Pref ADR announced earnings per share of 0.0656 on revenue of 1.24B. Analysts polled by Investing.com anticipated EPS of 0.0705 on revenue of 1.21B.

CEMIG Pref ADR shares are down 8.59% from the beginning of the year, still down 21.53% from its 52 week high of 2.74 set on June 7. 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 NextEra Energy on July 23, who reported EPS of 0.71 on revenue of 3.93B, compared to forecasts EPS of 0.6977 on revenue of 4.97B.

Duke Energy had beat expectations on August 5 with second quarter EPS of 1.15 on revenue of 5.76B, compared to forecast for EPS of 1.1 on revenue of 5.85B.

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

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