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 0.2496 on revenue of 994.52M. Analysts polled by Investing.com anticipated EPS of 0.2486 on revenue of 909.78M.
COPEL Pref ADR shares are down 29% from the beginning of the year, still down 22.77% from its 52 week high of 8.15 set on April 4. They are under-performing the DAX which is down 14.85% 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 0.74 on revenue of 2.89B, compared to forecasts EPS of 0.7142 on revenue of 5.19B.
Duke Energy had missed expectations on Monday with first quarter EPS of 1.3 on revenue of 7.13B, compared to forecast for EPS of 1.34 on revenue of 5.69B.
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