Investing.com - Energy of Minas Gerais reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Energy of Minas Gerais announced earnings per share of $0.073 on revenue of $1.69B. Analysts polled by Investing.com anticipated EPS of $0.074 on revenue of $1.7B.
Energy of Minas Gerais shares are up 7.53% from the beginning of the year, still down 40.71% from its 52 week high of $3.39 set on April 18.
Energy of Minas Gerais follows other major Utilities sector earnings this month
Energy of Minas Gerais's report follows an earnings beat by NextEra Energy on October 28, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on November 4 with third quarter EPS of $1.78 on revenue of $7.97B, compared to forecast for EPS of $1.84 on revenue of $7,388M.
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