Investing.com - COPEL Pref ADR reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
COPEL Pref ADR announced earnings per share of 0.238 on revenue of 868.75M. Analysts polled by Investing.com anticipated EPS of 0.1957 on revenue of 962.69M.
COPEL Pref ADR shares are up 22.2% from the beginning of the year, still down 15.53% from its 52 week high of 8.15 set on April 4. They are outperforming the EUR/USD which is down 0% from the start of the year.
COPEL Pref ADR follows other major Utilities sector earnings this month
COPEL Pref ADR's report follows an earnings beat by NextEra Energy on July 22, who reported EPS of 0.81 on revenue of 5.18B, compared to forecasts EPS of 0.7598 on revenue of 5.35B.
Duke Energy had beat expectations on August 4 with second quarter EPS of 1.14 on revenue of 6.69B, compared to forecast for EPS of 1.07 on revenue of 5.9B.
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