Investing.com - Iberdrola (OTC:IBDRY) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Iberdrola announced earnings per share of €0.1542 on revenue of €7.7B. Analysts polled by Investing.com anticipated EPS of €0.1535 on revenue of €7.81B.
Iberdrola shares are down 2% from the beginning of the year, still down 17.42% from its 52 week high of €12.13 set on January 8. They are under-performing the DAX which is up 14.44% from the start of the year.
Iberdrola shares gained 1.36% in intra-day trade following the report.
Iberdrola follows other major Utilities sector earnings this month
Iberdrola's report follows an earnings missed by Enagas on Tuesday, who reported EPS of €0.3739 on revenue of €242M, compared to forecasts EPS of €0.4063 on revenue of €239.86M.
Solaria had missed expectations on September 29 with third quarter EPS of €0.0668 on revenue of €27.64M, compared to forecast for EPS of €0.0728 on revenue of €27.34M.
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