Investing.com - Centrais Electricas Brasileiras reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Centrais Electricas Brasileiras announced earnings per share of $0.2804 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $0.2194 on revenue of $1.49B.
Centrais Electricas Brasileiras shares are up 20.26% from the beginning of the year, still down 20.08% from its 52 week high of $9.61 set on June 23. They are outperforming the STOXX 600 which is up 18.93% from the start of the year.
Centrais Electricas Brasileiras follows other major Utilities sector earnings this month
Centrais Electricas Brasileiras's report follows an earnings missed by Iberdrola SA on July 21, who reported EPS of $0.4059 on revenue of $10.21B, compared to forecasts EPS of $0.4063 on revenue of $9.67B.
Orsted ADR had beat expectations on Thursday with second quarter EPS of $0.7082 on revenue of $2.16B, compared to forecast for EPS of $0.7047 on revenue of $2.14B.
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