Investing.com - Iberdrola (OTC:IBDRY) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Iberdrola announced earnings per share of €0.3249 on revenue of €8.9B. Analysts polled by Investing.com anticipated EPS of €0.1534 on revenue of €15.71B.
Iberdrola shares are down 10% from the beginning of the year, still down 16.20% from its 52 week high of €12.44 set on January 8. They are under-performing the IBEX 35 which is up 3.19% from the start of the year.
Iberdrola follows other major Utilities sector earnings this month
Iberdrola's report follows an earnings missed by Endesa on Wednesday, who reported EPS of €-0.11 on revenue of €7.65B, compared to forecasts EPS of €0.48 on revenue of €7.81B.
Naturgy Energy had beat expectations on February 4 with fourth quarter EPS of €0.3409 on revenue of €7.29B, compared to forecast for EPS of €0.31 on revenue of €7.29B.
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