Investing.com - Enel (MI:ENEI) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Enel announced earnings per share of €0.18 on revenue of €11.76B. Analysts polled by Investing.com anticipated EPS of €0.11 on revenue of €18.04B.
Enel shares are up 7% from the beginning of the year, still down 11.69% from its 52 week high of €8.61 set on February 19. They are outperforming the STOXX 600 which is down 11.76% from the start of the year.
Enel follows other major Utilities sector earnings this month
Enel's report follows an earnings beat by ENI on October 28, who reported EPS of €-0.04 on revenue of €12.57B, compared to forecasts EPS of €-0.05 on revenue of €13.42B.
Italgas had matched expectations on October 30 with third quarter EPS of €0.12 on revenue of €331.1M, compared to forecast for EPS of €0.12 on revenue of €328.19M.
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