Investing.com - Centrais Electricas Brasileiras reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Centrais Electricas Brasileiras announced earnings per share of $0.1802 on revenue of $1.61B. Analysts polled by Investing.com anticipated EPS of $0.1787 on revenue of $1.59B.
Centrais Electricas Brasileiras shares are up 35.47% from the beginning of the year, still down 14.15% from its 52 week high of $9.61 set on June 23, 2021. They are outperforming 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 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 May 9 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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