Investing.com - Edenor ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Edenor ADR announced earnings per share of -0.5459 on revenue of 198.32M. Analysts polled by Investing.com anticipated EPS of -0.66 on revenue of 227M.
Edenor ADR shares are up 11% from the beginning of the year, still down 28.31% from its 52 week high of 4.84 set on June 10, 2020. They are outperforming the STOXX 600 which is up 5.9% from the start of the year.
Edenor ADR follows other major Utilities sector earnings this month
Edenor ADR's report follows an earnings missed by Enbridge on February 12, who reported EPS of 0.4407 on revenue of 7.66B, compared to forecasts EPS of 0.4644 on revenue of 7.41B.
Duke Energy had matched expectations on February 11 with fourth quarter EPS of 1.03 on revenue of 5.78B, compared to forecast for EPS of 1.03 on revenue of 6.72B.
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