Investing.com - CEMIG Pref ADR reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CEMIG Pref ADR announced earnings per share of 0.0817 on revenue of 1.69B. Analysts polled by Investing.com anticipated EPS of 0.0691 on revenue of 1.65B.
CEMIG Pref ADR shares are up 0.28% from the beginning of the year, still down 21.83% from its 52 week high of 3.39 set on April 18. They are broadly in line with 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 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.
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