Investing.com - Centrais Electricas Brasileiras reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Centrais Electricas Brasileiras announced earnings per share of $0.3774 on revenue of $1.46B. Analysts polled by Investing.com anticipated EPS of $0.3693 on revenue of $1.47B.
Centrais Electricas Brasileiras shares are down 9.73% from the beginning of the year, still down 34.34% from its 52 week high of $9.61 set on June 23. They are under-performing the EUR/USD which is down 0% 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 Enel Americas ADR on October 27, who reported EPS of $0.00 on revenue of $4.86B, compared to forecasts EPS of $0.1486 on revenue of $3.45B.
NextEra Energy had beat expectations on October 20 with third quarter EPS of $0.75 on revenue of $4.37B, compared to forecast for EPS of $0.716 on revenue of $5.44B.
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