Investing.com - COPEL ADR reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
COPEL ADR announced earnings per share of 5.83 on revenue of 4.67B. Analysts polled by Investing.com anticipated EPS of 0.31 on revenue of 711.4M.
COPEL ADR shares are down 34.89% from the beginning of the year, still down 39.23% from its 52 week high of 18.15 set on February 4. They are under-performing the EUR/USD which is down 0% from the start of the year.
COPEL ADR follows other major Utilities sector earnings this month
COPEL ADR's report follows an earnings beat by NextEra Energy on July 24, who reported EPS of 2.61 on revenue of 4.2B, compared to forecasts EPS of 2.5 on revenue of 5.17B.
Dominion Energy had beat expectations on July 31 with second quarter EPS of 0.82 on revenue of 3.59B, compared to forecast for EPS of 0.79 on revenue of 3.98B.
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