Investing.com - COPEL Pref ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
COPEL Pref ADR announced earnings per share of 0.1743 on revenue of 687.99M. Analysts polled by Investing.com anticipated EPS of 0.0345 on revenue of 648.6M.
COPEL Pref ADR shares are down 22% from the beginning of the year, still down 60.56% from its 52 week high of 13.59 set on January 10. They are under-performing the STOXX 600 which is up 10.14% 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 April 21, who reported EPS of 0.67 on revenue of 3.73B, compared to forecasts EPS of 0.6097 on revenue of 4.87B.
Southern had beat expectations on April 29 with first quarter EPS of 0.98 on revenue of 5.91B, compared to forecast for EPS of 0.8327 on revenue of 5.49B.
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